Datum International Ltd
LSE : DATP

May 29, 2009 02:00 ET

Final Results


                          DATUM INTERNATIONAL LIMITED
                                                (PLUS-quoted (DATP))


                            UNAUDITED FINAL RESULTS FOR THE YEAR ENDED 31st DECEMBER 2008
                                                          
                                         CHANGE IN ACCOUNTING REFERENCE DATE

The Board of Datum International Limited ("Datum" or "the Company") today  announces the Company's Final Results for
the Year ended 31st December 2008. These results have not been audited or reviewed by the Company's auditors.

KEY POINTS

    *       Turnover fell by 49% to £415,717 (2007 £818,218) and pre tax losses grew from £169,184 to £409,355

    *       Trading remained difficult throughout the period
    

    *        The  Company  is changing its accounting reference date to 30 April and will present 16  month  audited
        accounts by the end of July 2009

Commenting on today's announcement, Jonathan Wearing, Datum's Chairman said:

"There  is  no  doubt that 2008 was a disappointment to us. Not only were market conditions sluggish generally,  but
more particularly, we were not successful in transitioning the Company from its deep-rooted R&D focus into a market-
driven, customer-focused business.

In  view  of these issues, the Directors of Datum took action during the first half of 2009 to secure the future  of
the Company through:

    *       a fund raising completed in April 2009 that raised £336,380 after costs; and
        
    *       the strengthening of the Company's sales and management to re-focus the business.

As  a  result of this action the Company's financial position and future prospects have been significantly  improved
and the quality of the sales pipeline has also improved significantly.

A more detailed summary of the 16 months ended 30 April 2009 will be provided at the time of the announcement of our
audited  financial results along with our outlook for the financial year to 30 April 2010. We intend to  update  the
market with positive news before these results are released."


ENQUIRIES:

DATUM INTERNATIONAL LIMITED                   TEL: 01438 347110
Les Paul, Chief Executive Officer

FinnCap                                                          TEL: 020 7600 1658
Marc Young / Ed Frisby


www.datumplc.com



DATUM INTERNATIONAL LIMITED

PROFIT AND LOSS ACCOUNT
for the Year Ended 31 December 2008

                                                          
                                                          
                             31.12.08                                           31.12.07
                                                          
                              £                                                       £
                                                          
TURNOVER                                                                                                  415,757
818,214

Operating costs excluding research and development
expenditure, and depreciation of fixed assets                                                  713,523
761,850

GROSS PROFIT/(LOSS)                                                                             (297,766)
56,,364

Research and development expenditure,
depreciation and amortisation of fixed assets                                                    92,613
212,460

OPERATING LOSS                                                                                     (390,379)
(156,096)

Interest receivable and similar income                                                                       5
81


(390,374)                                          (156,015)

Interest payable and similar charges                                                                  18,981
13,169

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION                                                                                 (409,355)
(169,184)

Tax on loss on ordinary activities                                                                               -
-

LOSS FOR THE FINANCIAL YEAR
AFTER TAXATION                                                                                    (409,355)
(169,184)

=======                                          =======


Earnings per share expressed
in pence per share:
Basic
-2.53                                                  -1.13
Diluted
-2.53                                                  -1.13

====                                                 ====


CONTINUING OPERATIONS
None of the company's activities were acquired or discontinued during the current year or previous year.

TOTAL RECOGNISED GAINS AND LOSSES
The company has no recognised gains or losses other than the losses for the current year or previous year.














                                                          
                                                          

DATUM INTERNATIONAL LIMITED

BALANCE SHEET
31 December 2008



31.12.08                                  31.12.07
                                                                                                               £
£                    £                     £
FIXED ASSETS
Intangible assets
-                                             -
Tangible assets
25,865                                    33,007


25,865                                    33,007

CURRENT ASSETS
Debtors                                                                                                68,728
342,968
Cash at bank                                                                                          1,767
6,846

                                                                                                            70,495
349,814
CREDITORS
Amounts falling due within one year                                                633,252
497,230

NET CURRENT LIABILITIES                                                                           (562,757)
(147,416)

TOTAL ASSETS LESS CURRENT
LIABILITIES
(536,892)                                 (114,409)

CREDITORS
Amounts  falling  due  after  more  than  one
year
107,674                                    132,552

NET LIABILITIES
(644,566)                                 (246,961)

========                              ========

CAPITAL AND RESERVES
Called up share capital
161,631                                    160,631
Share premium
1,956,104                                 1,954,354
Profit and loss account
(2,762,301)                               (2,352,946)

SHAREHOLDERS' FUNDS                                                                                (644,566)
(246,961)

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Contact Information

  • Datum International Ltd