key financial data


2016
$000
2015
$000
Administrative expenses (1,744) (1,968)
Loss from operations (1,744) (1,968)
Finance income 30 47
Finance expense (1,890) (679)
Loss before tax (3,604) (2,600)
Tax expense
Loss for the year and total comprehensive loss for the year attributable to owners of the parent (3,604) (2,600)
Basic and diluted loss per share (see note 3) (0.74)
cents
(0.54)
cents

To read the notes, please download the latest annual report here.

2016 2015
$000 $000 $000 $000
Assets
Non-current assets
Property, plant and equipment 12 10
Intangible assets 290,381 289,950
Total non-current assets 290,393 289,600
Current assets
Other receivables 1,166 297
Cash and cash equivalents 9,645 14,011
Total current assets 10,811 14,308
Total assets 301,205 303,908
Liabilities
Current liabilities
Trade and other payables (1,135) (283)
Total assets 300,069 303,625
Equity
Share capital 8,530 8,530
Share premium 308,602 308,602
Other reserves 2,418 2,370
Retained deficit (19,465) (15,861)
Foreign currency reserve (16) (16)
Total equity 300,069 303,625

To read the notes, please download the latest annual report here.

2016 2015
$000 $000 $000 $000
Cash flow from operating activities
Loss before tax (3,604) (2,600)
Adjustments for:
Depreciation 1 1
Share-based payment 48 90
Net finance costs 1,860 632
Realised foreign exchange gains 25 (8)
Cash flows from operating activities before changes in working capital (1,670) (1,885)
Decrease in other receivables (869) 32
Decrease/(increase) in trade and other payables 852 33
Tax paid
Net cash outflow from operating activities (1,687) (1,820)
Cash flows used in investing activities
Interest received 30 47
Purchase of intangible assets (819) (773)
Proceeds from disposal of intangible assets 1,149
Net cash used in investing activities (761) 423
Cash flows from financing
Proceeds from issue of shares
Cash flows from financing activities
Net decrease in cash and cash equivalents (2,506) (1,397)
Cash and cash equivalents at the beginning of the year 14,011 16,079
Exchange loss on cash and cash equivalents (1,915) (671)
Cash and cash equivalents and cash held in escrow at the end of the year 9,645 14,011

To read the notes, please download the latest annual report here.