Empresaria Group PLC Annual Report and Accounts and Notice of AGM (7829A)
29 March 2017 - 12:21AM
UK Regulatory
TIDMEMR
RNS Number : 7829A
Empresaria Group PLC
28 March 2017
28 March 2017
Empresaria Group plc
("Empresaria" or the "Company")
Annual Report and Accounts and Notice of AGM
Technical change to Preliminary Statement
Empresaria, the international specialist staffing group, is
today posting its Annual Report and Accounts for the year ended 31
December 2016 and Notice of Annual General Meeting ("AGM") and Form
of Proxy to its shareholders. The AGM will be held at 1 p.m. on
Wednesday 3 May 2017 at the Company's head office at Old Church
House, Sandy Lane, Crawley Down, Crawley, West Sussex RH10 4HS.
Copies of the Annual Report and Accounts, Notice of AGM and Form
of Proxy will be available to download from the Governance section
of the Company's website (empresaria.com).
We draw your attention to a change made to the disclosures
presented in the Consolidated Cashflow Statement within the
Preliminary Statement announced on 1 March 2017, as detailed
below.
Following a review of the Group's accounting policy, the
presentation of the movement in invoice financing in the Cashflow
Statement has been amended with a restatement of the prior year
presentation, to provide shareholders with a clearer understanding
of the operating cash flows of the Group. Under the revised
accounting treatment this is now presented as part of 'Cash flow
from financing activities' rather than 'Cash flow from operating
activities'. The impact of the restatement is a disclosure change
only and is summarised below.
In the Cashflow Statement:
Year to 31 December Cash Net cash Net cash Movement
2016 generated from operating from in net
from activities financing cash and
operations activities cash equivalents
Previously disclosed:
Increase 11.9 6.4 9.3 8.7
Adjustment in invoice
financing presentation (0.8) (0.8) 0.8 -
------------ ---------------- ------------ ------------------
Restated: Increase 11.1 5.6 10.1 8.7
Year to 31 December Cash Net cash Movement
2015 generated Net cash from in net
from from operating financing cash and
operations activities activities cash equivalents
Previously disclosed:
Increase 7.6 5.3 1.4 0.1
Adjustment in invoice
financing presentation 1.2 1.2 (1.2) -
------------ ---------------- ------------ ------------------
Restated: Increase 8.8 6.5 0.2 0.1
There was no impact of the above changes on the Consolidated
Income Statement, the Consolidated Balance Sheet and earnings per
share. The revised Cashflow Statement can be reviewed in the Report
and Accounts which will be made available on the Company's
website.
Enquiries:
Empresaria Group plc via Redleaf
Joost Kreulen, Chief Executive
Officer
Spencer Wreford, Group Finance
Director
Arden Partners (Nominated Adviser
and Broker)
John Llewellyn-Lloyd / Steve
Douglas / Ciaran Walsh 020 7614 5900
Redleaf Communications (Financial 020 7382 4730
PR) empresaria@redleafpr.com
Rebecca Sanders Hewett / Sam
Modlin
Notes for editors:
-- Empresaria Group plc is an international specialist staffing
group with 21 brands operating in 19 countries across the globe
including the UK, Germany, Japan, India, UAE, Indonesia, Chile,
Australia, Thailand, Singapore, Finland, USA, New Zealand, China,
Malaysia and the Philippines.
-- Empresaria offers temporary/contract and permanent staffing
solutions as well as Offshore Recruitment Services in seven key
sectors: Technical & Industrial, Aviation Services, IT &
Design, Professional Services, Healthcare, Executive search and
Retail.
-- Empresaria applies a multi brand, management equity
philosophy and business model, with Empresaria group company
management teams holding significant equity in their own
business.
-- Empresaria is listed on AIM under ticker EMR. For more
information: empresaria.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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