Business
Annual Report/Financial Statements & Notice of AGM
Annual Report/Financial Statements & Notice of AGM.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n \n 7 September 2022\n \n \n TPXimpact Holdings PLC\n \n \n \n (\"TPXimpact\", \"TPX\", the \"Group\" or the \"Company\")\n \n \n \n Finalisation and posting of Annual Report and Financial Statements\n \n \n \n \n Notice of AGM\n \n \n \n TPXimpact Holdings PLC, the technology-enabled services company focused on digital transformation, confirms it has today posted its report and accounts for the financial year ended 31 March 2022, together with the notice of AGM, to those shareholders who have requested hard copies. Electronic copies of both documents are available to download on the Company's website at\n www.tpximpact.com/investor-relations\n in accordance with AIM Rule 20.\n \n The Annual Report includes the audited Group and Company Financial Statements for the year ended 31 March 2022. Following completion of the final audit, there are a number of differences from the unaudited preliminary results that are set out below. None of these differences have impacted the Group's previously reported adjusted EBITDA or cash flows for the year ended 31 March 2022.\n \n Taxation\n \n The charge for taxation included in the unaudited consolidated income statement of £2.4 million (as per the Preliminary Results) has reduced to a charge of £1.8 million in the audited consolidated income statement (included in the audited Group financial statements). The change is due to the finalisation and subsequent audit of the Group's corporate tax computation for the year ended 31 March 2022 and has had a positive impact on adjusted and reported EPS as set out further below.\n \n Gain from fair value movement in contingent consideration\n \n The gain from fair value movement in contingent consideration in the unaudited consolidated income statement of £2.5 million (as per the Preliminary Results) has reduced to a gain of £0.2million in the audited consolidated income statement (included in the audited Group financial statements). The change is due to management reclassifying certain movements in the fair value of contingent consideration from the consolidated income statement to equity, due to a reconsideration of the nature of these transactions as equity-related. As set out in the preliminary results, management adjust out this gain when looking at the underlying performance of the business.\n \n Overall impact on changes\n \n Neither of these a...