Final Results

APPLIED TECHNOLOGY MONITORING PLC ("ATM" OR "COMPANY) CHAIRMAN'S STATEMENT for the period ended 31st December 2007 There follows the audited consolidated results for the nine month period from 1st April 2007 to 31st December 2007. These show a loss of £ 302,000 after taxation, on turnover of £ 352,000. Gross margins during the period ran at 53%. This report is the result of a change in your Company's financial year end and is brought about by the strategic review of the sales and marketing performance, referred to in my last statement. The discussions with an established, integrated solutions' provider over the last six months have confirmed that opportunities do exist for sales' growth in return for above-average gross margins. The discussions continue with the objective of formalising a relationship that will achieve the optimum results for both parties; if successful, shareholders and the market will be informed at the earliest opportunity. In addition to thanking all shareholders for their on-going support I would like to thank the present Directors and the staff for their efforts. I look forward to communicating with you again shortly, as soon as a date can be set for the AGM. Martin Trussler, Chairman 28th July 2008 APPLIED TECHNOLOGY MONITORING PLC CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2007 1 April 2007 1 April 2006 to to 31 December 31 March 2007 2007 £ £ Turnover 351,607 650,212 Cost of sales (165,507) (341,518) Gross profit 186,100 308,694 Other operating charges (472,319) (535,267) Loss on ordinary activities before interest (286,219) (226,573) Interest payable (36,215) (39,840) Interest receivable 980 60 Loss on ordinary activities before taxation (321,454) (266,353) Tax on loss on ordinary activities 19,007 19,512 Retained loss on ordinary activities after taxation and before minority interest (302,447) (246,841) Minority interest (equity) - - Retained loss on ordinary activities after minority interest for the year (302,447) (246,841) Basic loss per share (2.31) (2.40) Diluted loss per share (2.25) (2.31) There were no recognised gains or losses other than the loss for the financial period. The loss for the period has been calculated on the historical cost basis. The company's turnover and expenses all relate to continuing operations. APPLIED TECHNOLOGY MONITORING PLC CONSOLIDATED BALANCE SHEET AT 31 DECEMBER 2007 31 December 31 March 2007 2007 £ £ Fixed assets Tangible assets 2 2 Current assets Stocks 98,482 81,447 Debtors 113,872 139,953 Cash at bank and in hand 24,960 141 237,314 221,541 Creditors: amounts falling due within one year (214,437) (306,246) Net current assets/(liabilities) 22,877 (84,705) Total assets less current liabilities 22,879 (84,703) Creditors: amounts falling due after more than one year Bank loan (60,087) (69,575) 9% Convertible Loan Stock (350,000) (350,000) (410,087) (419,575) (387,208) (504,278) Capital and reserves Called up share capital 1,529,047 1,035,897 Other reserves 16,245 16,245 Share premium account 1,292,166 1,365,799 Profit and loss account (3,224,666)(2,922,219) Shareholders' funds (387,208) (504,278) The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2008. R A Golightly, Director APPLIED TECHNOLOGY MONITORING PLC CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31 DECEMBER 2007 1 April 2007 1 April 2006 to to 31 December 31 March 2007 2007 £ £ Net cash outflow from operating activities (345,567) (219,767) Returns on investments and servicing of finance Interest received 981 60 Interest paid (27,439) (39,840) Net cash outflow from returns on investments and servicing of finance (26,458) (39,780) (372,025) (259,547) Taxation Research and development tax credits received 21,479 47,833 Net cash outflow before financing (350,546) (211,714) Financing Repayment of bank loan (9,488) (12,650) Movement on convertible loan stock - 150,000 Issue of ordinary shares 493,150 30,000 Share (deficit)/premium on issue (73,633) 50,867 Net cash inflow from financing 410,029 218,217 Increase in cash in the year 59,483 6,503
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