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INVESTOR RELATIONS

Latest Results

Final Results for the 12 months ended 31 December 2017

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STM Group Plc (AIM: STM), the multi-jurisdictional financial services group, is pleased to announce its audited final results for the 12 months ended 31 December 2017.

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR FROM 1 JANUARY 2017 TO 31 DECEMBER 2017
  Notes Year ended
31 December 2017
£000
Year ended
31 December 2016
£000
OPERATING ACTIVITIES      
Profit for the year before tax   4,025  2,755
ADJUSTMENTS FOR:      
Depreciation and amortisation   478  262
Loss on sale of fixed asset 7  –– 11
Taxation paid   (54) (583)
Foreign exchange loss    16 ––
Unrealised gain on investments   (10) (291)
Share based payments    55 34
Increase in trade and other receivables    (414) (472)
Decrease in accrued income   324  595
Decrease in trade and other payables    (456) (1,154)
Net cash from operating activities   3,964  1,157
INVESTING ACTIVITIES      
Disposal of the investments   4,950 ––
Acquisition of property, plant and equipment 7  (617) (204)
Consideration paid on acquisition 3  (800) (4,235)
Cash acquired on acquisition 3  ––  5,018
Increase in intangibles   (84) (113)
Net cash used in investing activities   3,449  466
CASH FLOWS FROM FINANCING ACTIVITIES      
Bank loan    ––  3,300
Loan note repayments    –– (300)
Acquisition of treasury shares    25 (45)
Dividends paid 10  (951) (832)
Net cash from financing activities    (926)  2,123
Increase in cash and cash equivalents   6,487  3,746
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS      
Analysis of cash and cash equivalents during the year      
Increase in cash and cash equivalents   6,487  3,746
Translation of foreign operations   7 87
Balance at start of year   11,869  8,036
Balance at end of year 9 18,363 11,869

 

Page last up-dated: 27 March 2018

 

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