Notes to the Financial Statements
Notes to the Financial Statements
continued
continued
35 Acquisitions of subsidiary undertakings and business assets - continued
36 Earnings per share
Finalisation of provisional fair values of Dialachemist Limited acquired in 2015
Following the integration of the 2015 acquisition of Dialachemist Limited, the provisional fair values were finalised in 2016. This resulted
in a reduction of €101,000 in fair values ascribed to net assets accounted for with a corresponding increase in the goodwill arising on
acquisition (note 12).
Provisional
Fair Value
to Group
€’000
Revalution
€’000
Intangible assets 31 31
Property, plant and equipment 85 85
Receivables 293 293
Inventory 484 Net debt (11) Payables (664)
Total net assets
218
(101)
383
(11)
(664)
(101) 117
Non-controlling interests (44) - (44)
Group share of net assets 174 (101) 73
(1,593) - (1,593)
1,419 101 1,520
Consideration
Goodwill on acquisition
Foreign exchange impact on goodwill
Total goodwill on acquisition
Revised Fair
Value to
Group
€’000
Profit for the financial year attributable to owners
Weighted average number of shares for fully diluted earnings per share (000’s) (note 23)
2016
Continuing
Earnings (€’000)
Acquisitions Discontinued
Acquisitions Discontinued
Total
598 94 6,214
Earnings per ordinary
share (in cent):
- Basic 2.1 1.4 0.7 4.2 4.6 0.5 0.1 5.2
- Diluted 2.1 1.4 0.7 4.2 4.6 0.5 0.1 5.2
2016
€’000
2015
€’000
Adjusted earnings per share has been calculated by reference to the following:
Profit for the financial year attributable to owners 4,964 6,214
Exceptional charge from investment in IPOS network (note 5) 5,737 3,268
Other exceptional charges (note 5) 4,516 4,195
(446) (103)
Profit on disposal of subsidiary undertakings (note 5)
34,181
Profit after tax excluding exceptional and other one-off items
12,296 Adjusted earnings per ordinary share (in cent)
(8) -
14,763 13,574
118,460 118,460
12.5 11.4
-
Administrative expenses (8,492)
Other operating income 35
-
Exceptional charge (1,443)
Operating profit 2,396
92 | Annual Report 2016
Continuing
5,522 Gross profit
Income tax
Total 4,964 Weighted average number of shares in issue in the year (000’s)
Profit for the financial year
118,460
774 (21,885)
Finance cost
118,460 1,686 Cost of sales
Profit before taxation
6,214
2,504
Profit on disposal of property, plant and equipment (note 5)
Loss on disposal of tangible assets
4,964
2015
(207)
2016
€’000
Distribution costs
2015
€’000
Earnings per share and fully diluted earnings per share have been calculated by
reference to the following:
1,313
Impact on the 2016 Group Income Statement with respect to the acquisitions
The Group’s results for the year ended 31 December 2016 included the following amounts in respect of the businesses
acquired during 2016:
Revenue
2016
€’000
(397)
1,999
(313)
1,686
Annual Report 2016 | 93