CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the period ended 31 March 2014



For the purpose of preparing the consolidated financial statement of the Group, the share capital represents the nominal value of the issued share capital of 1p per share. Share premium represents the excess over nominal value of the fair value consideration received for equity shares net of expenses of the share issue.

Share capital

Share premium

Reverse acquisition reserve

Retained profits/(losses)

Total equity


£

£

£

£

£

At 1 April 2012

2,143,752

961,128

(2,817,633)

(1,665,261)

(1,378,014)

Profit for the year

–

–

–

530,558

530,558

Total comprehensive income for the year

–

–

–

530,558

530,558

At 31 March 2013

2,143,752

961,128

(2,817,633)

(1,134,703)

(847,456)

AT 31 March 2013

2,143,752

961,128

(2,817,633)

(1,134,703)

(846,456)

Loss for year

–

–

–

(305,049)

(305,049)

Total comprehensive income for the year

–

–

–

(305,049)

(305,049)

Issue of shares

140,000

140,000

–

–

280,000

Share issue costs

–

(25,615)

–

–

(25,615)

At 31 March 2014

2,283,752

1,075,513

(2,817,633)

(1,439,752)

(898,120)

Annual report & consolidated financial statements 2014