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14.09.2017

Icelandic Seachill - Business Review and Results

Profit and loss account

for year ended 31 December 2016

 

Note

2016

2015

 

£000

£000

 

Turnover

2

266,317

248,413

Cost of sales

(232,429)

(214,881)

 

Gross profit

33,888

33,532

 

 

Administrative expenses

(31,463)

(29,627)

 

Operating profit/(loss)

2,425

3,905

 

 

Gain on disposal of assets

22

58

 

 

Interest payable and similar charges

6

(970)

(1,101)

 

Profit on ordinary activities before taxation

1,477

2,862

 

 

Tax on profit on ordinary activities

7

(440)

(598)

 

Profit for the financial year

1,037

2,264

 


Balance Sheet

at 31 December 2016

 

 

Note

2016

2015

 

£000

£000

 

 

 

 

Fixed assets

 

 

Intangible assets

 

 

Goodwill

8

33,786

33,786

 

Other intangibles

8

60

323

 

 

 

 

 

 

33,846

 

34,109

Tangible assets

9

20,786

 

20,814

Investments

10

12,889

 

12,889

 

 

 

 

Current assets

 

 

Stocks

11

24,077

24,087

 

Debtors

12

13,910

22,561

 

Cash at bank and in hand

8,771

6,832

 

 

 

 

 

46,758

53,480

 

Creditors: amounts falling due within one year

13

(53,048)

(50,252)

 

 

 

 

Net current (liabilities) / assets

(6,290)

 

3,228

 

 

 

 

Total assets less current liabilities

61,231

 

71,040

 

 

 

Creditors: amounts falling due after more than one year

14

(10,000)

 

(22,422)

 

Provisions for liabilities

 

 

Deferred tax liability

16

(171)

(277)

 

Pension Liability

17

(336)

(281)

 

Provision for Exceptional Costs

17

(1,627)

-

 

 

 

 

 

 

 

 

(12,134)

 

(22,980)

 

 

 

 

Net assets

49,097

 

48,060

 

 

 

 

Capital and reserves

 

 

Called up share capital

18

25,012

 

25,012

Profit and loss account

24,085

 

23,048

 

 

Shareholders’ funds

49,097

 

48,060

 

 

 

 

 

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