Resultados finales
Cierta información contenida en este anuncio se habría considerado información privilegiada a los efectos del artículo 7 del Reglamento de Abuso de Mercado (UE) n.º 596/2014 ("MAR"), que forma parte de la legislación del Reino Unido en virtud de la Unión Europea (Retiro ) Ley 2018, hasta la publicación de este anuncio.
23 de abril de 2024
Fiinu Plc
("Fiinu", la "Compañía" o el "Grupo")
Resultados finales
Fiinu, a fintech group, creator of the Plugin Overdraft®, announces its final results for the year ended 31 December 2023.
The Annual Report and Accounts for the year ended 31 December 2023, together with the Notice of Annual General Meeting, will be despatched to shareholders shortly and is available to download from the Company's website at www.fiinuplc.com.
Commenting, Dr. Marko Sjoblom, Chief Executive Officer said:
"Last year was difficult for management, but as we navigate this pivotal moment in our Company's journey, I am buoyed by the progress we are making. We now have a "bank-in-a-box", the liquidity to continue as a going concern and we still believe in the market opportunity, which is ripe and growing, both home and abroad. Looking ahead, we must build upon this momentum and continue to deliver value for our investors. I am committed to making things even better for Fiinu.
"In the short term, as well as continuing to seek interim and conditional funding to allow us to rehire key staff and ultimately re-apply for our banking licence, we will explore new avenues for revenue, such as technology white-labelling and joint venture opportunities. These opportunities, which were always in our strategy, would allow us to generate immediate banking-as-a-service licencing revenue, prove the product market fit and that the technology works but also, pave the way for our long-term ambitions for Fiinu Bank.
"These initiatives, coupled with our unwavering commitment to financial inclusion, should ultimately drive our Company's share price higher and solidify our position as a disruptor in the banking landscape. With each milestone we achieve and each challenge we overcome; we reaffirm our dedication to creating a brighter, more inclusive financial future for all. "
Consultas:
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Fiinu Plc Dr. Marko Sjoblom
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Tel: + 44 (0) 1932 629 582 |
SPARK Advisory Partners Limited (Nómada) Mark Brady/Adam Dawes
| Tel: + 44 (0) 203 368 3550 |
SP Angel Corporate Finance LLP (Conjunto Broker) Bruce Fraser/Ezgi Senturk
| Tel: + 44 (0) 207 470 0470 |
Panmure Gordon (Reino Unido) Limited (Conjunto Broker) Stephen Jones / Atholl Tweedie (Finanzas corporativas) Hugh Rich (corretaje corporativo)
| Tel.: +44 (0) 207 886 2500 |
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Sobre Fiinu
Fiinu, founded in 2017, is a fintech group, that developed the Plugin Overdraft® which is an unbundled overdraft solution that allows customers to have an overdraft without changing their existing bank. The underlying Bank Independent Overdraft® technology platform is bank agnostic, that therefore enables it to serve all other banks' customers. Open Banking allows Fiinu's Plugin Overdraft® to attach ("plugin") to the customer's existing bank accounts, no matter which bank they may use. Fiinu's vision is built around Open Banking, and it believes that it increases competition and innovation in UK banking.
For more information, please visit www.fiinuplc.com
SILLAS DECLARACIÓN
Presidente Revisar
As I deliver my second-year statement as Chair of Fiinu Plc, I am buoyed by the resilience and determination of all those who worked so hard to make Fiinu a success amidst very challenging capital market conditions, especially for pre-revenue, financial services startups like Fiinu with novel new products. As stated in recent public announcements, while the team succeeded in getting to a position where we could attest to the Regulators the operational readiness of Fiinu Bank, we were unable to give the Regulators a definitive attestation that we had raised the regulatory capital required to exit mobilisation; consequently, we were left with no choice but to return our banking licence.
Despite this setback, we remain steadfast in our commitment to playing our part in revolutionising banking services by providing the underserved with our Plugin Overdraft®. We believe that millions of customers will eventually benefit from this product, which Fiinu remains committed to bringing to the market. I must, however, acknowledge that we still have work to do before reapplying for our banking licence.
Being unable to raise exit capital was a huge disappointment and, as a result, we had to resort to a cost-cutting programme to preserve our options. However, I want to acknowledge that it was no small achievement to have been able to attest to the accomplishment of all the other conditions set by the PRA and the FCA to exit mobilisation. As a result of being so close to achieving our most important strategic goal, the Board has stated its intention to continue to pursue our chosen strategy and to seek to raise the required funding to reapply for our banking licence as soon as posible.
I would also like to take this opportunity to extend my thanks to the many executive and staff members, as well as the Board members who stepped down at the end of 2023. Their contributions were outstanding. Although the Board is smaller as a result of these departures, we continue to work within a robust governance framework, which I believe has the knowledge and skills to seize the opportunities I am still convinced lie ahead for our Group.
Finally, I would like to thank our shareholders for their support which has been a cornerstone of our resilience and to thank them for their patience. I acknowledge that the challenges of accessing capital markets remain and this must weigh heavily on our shareholders' minds, as it does on the Board's, but I ask them for their continued support which is now more crucial than ever.
Outlook
As we look towards 2024 and beyond, all those remaining at Fiinu do so with a sense of determination to get firm commitments to providing us with the capital we need to renew our operational readiness to reapply for our banking licence and to becoming authorised to commence trading as quickly as possible. Our vision remains clear and unchanged, and I wish to provide assurance that the Board will be striving to pursue it with vigour on behalf of all our shareholders.
David Hopton
Presidente
CHIEF EXECUTIVE'S DECLARACIÓN
I remain committed to the principles of our original mission and the vision, which I set as the Founder seven years ago: "The Bank Independent Plugin Overdraft® platform will create a totally new market, an infrastructure where unbundled overdrafts will increase financial fairness and freedom for everyone, everywhere." My unwavering dedication is a testament to our collective belief in the transformative power of our vision. Despite the challenges we faced in 2023, there is still cause for optimism, including but not limited to:
1. We now have a "bank-in-a-box". The data room includes over 2,000 pages of relevant regulatory documentation to exit mobilisation and licensable technology infrastructure which could now access more than 100 million bank accounts in the United Kingdom. Fiinu Bank was ready to attest all but one of the conditions (capital missing) set by the PRA and the FCA to exit mobilisation, including an external independent technical audit by Grant Thornton and a technical walk through with Regulators. The submitted and stored banking licence application is over 4,000 pages of documentation. We believe in the future value of this intellectual property, and although we may have written it down in accounting terms, it does not represent a loss of any intellectual property as the bank is in the box.
2. We have the liquidity to remain solvent and continue as a going concern. At the 2023 year-end, we had circa £1.3m cash-at-bank. Following the successfully executed cost-cutting programme, we have now reduced our average monthly burn rate below £50k (April 2024 to March 2025) and hence we maintain sufficient cash runway to continue to seek the exit capital required to reapply for our banking licence.
3. We still believe in the market opportunity, which is ripe and growing, both home and abroad. The annual UK unsecured gross lending market is circa £345 billion. There are over 100 million bank accounts, of which, 80 million do not have access to overdraft currently. Our research suggests that circa 29 million consumers would be very likely to add a Plugin Overdraft® to their bank account as long as they didn't need to switch their bank. We want to re-open that market as nearly two-thirds (62%) of the UK adult population with a bank account used some form of overdraft annually prior to the major reform in 2020.
Outlook
We believe our solution has the potential to be disruptive for the banking landscape and it will improve financial inclusion for millions of people. Our resilience has been strong to get to where we are today, and we are continuing our efforts to raise the conditional capital to obtain an unrestricted banking licence, but we will also be raising further interim funding to re-establish operational readiness as required.
Meanwhile, we will also explore technology licensing, white-labelling and joint venture opportunities, in the UK and overseas. We remain optimistic that we can overcome the challenge of securing additional capital and look forward with excitement to the big picture opportunities that lie ahead.
Dr. Marko Sjoblom
Director Oficial
DECLARACIÓN OF TOTAL PLANES DE INGRESOS
Administrativo gastos |
| 12 meses terminó 31 Diciembre 2023 £ (7,223,494) | 9 meses terminó 31 Diciembre 2022 £ (8,218,903) |
Funcionamiento de |
|
(7,223,494) |
(8,218,903) |
Finanzas ingresos |
| 46,176 | 11,596 |
Finanzas costos |
| (74,840) | (9,970) |
Otras ganancias y pérdidas |
| (1,081,530) | - |
Pérdida antes impuestos |
(8,333,688) |
(8,217,277) | |
Impuesto sobre la renta ingresos |
| 16,157 | 377,879 |
Loss and total comprehensive loss for the año |
(8,317,531) |
(7,839,398) |
Profit for the financial period is all attributable to the owners of the parent .
Total comprehensive income for the period is all attributable to the owners of the parent .
Ganancias por comparte |
| ||
Basic | (3.06) | (3.31) | |
Diluido | (3.06) | (3.31) |
GROUP STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023
| 2023 £ | 2022 £ | |
BIENES | |||
No corriente activos | |||
Intangible activos |
| - | 878,639 |
Propiedad, planta y equipo |
| - | 276,524 |
- |
1,155,163 | ||
Current activos | |||
Comercio y otros cuentas por cobrar |
| 236,720 | 660,078 |
Impuesto corriente recuperable | - | 352,879 | |
Efectivo y efectivo equivalentes | 1,310,757 | 7,045,161 | |
1,547,477 |
8,058,118 | ||
Total activos |
1,547,477 |
9,213,281 | |
EQUIDAD | |||
Llamado compartir capital |
| 27,474,724 | 26,513,186 |
Compartir premium cuenta | 9,475,486 | 9,194,313 | |
Propia las acciones | (5,100) | - | |
Fusión reserva | (21,120,782) | (21,120,782) | |
Acciones para ser emitido |
| 50,000 | - |
retenido ganancias | (15,048,567) | (7,293,795) | |
Total equidad |
825,761 |
7,292,922 | |
Sin control intereses | - | - | |
Total equidad | 825,761 | 7,292,922 | |
PASIVO | |||
No corriente pasivo | |||
Arrendar pasivo |
| - | 93,425 |
Current pasivo | |||
Comercio y otros cuentas por pagar |
| 663,940 | 1,693,603 |
Arrendar pasivo |
| 57,776 | 133,331 |
721,716 |
1,826,934 | ||
Total pasivo |
721,716 |
1,920,359 | |
Patrimonio total y pasivo |
1,547,477 |
9,213,281 |
ESTADO DE SITUACIÓN FINANCIERA DE LA SOCIEDAD AL 31 DE DICIEMBRE DE 2023
2023 | 2022 | ||
| £ | £ | |
BIENES | |||
No corriente activos | |||
Activos por derecho de uso |
| - | 224,546 |
Inversiones |
| 1,785,857 | 46,482,583 |
1,785,857 |
46,707,129 | ||
Current activos | |||
Comercio y otros cuentas por cobrar |
| 1,262,144 | 1,801,269 |
Efectivo y efectivo equivalentes | 5,246 | 99,078 | |
1,267,390 |
1,900,347 | ||
Total activos |
3,053,247 |
48,607,476 | |
EQUIDAD | |||
Llamado compartir capital |
| 27,474,724 | 26,513,186 |
Compartir premium cuenta | 28,225,487 | 27,944,314 | |
Acciones propias | (5,100) | - | |
Acciones a emitir | 50,000 | - | |
Shared based reserva de pago | 40,218 | 40,218 | |
retenido ganancias | (53,141,837) | (7,093,177) | |
Total equidad |
2,643,492 |
47,404,541 | |
PASIVO | |||
No corriente pasivo | |||
Arrendar pasivo |
| - | 93,425 |
Current pasivo | |||
Comercio y otros cuentas por pagar |
| 351,979 | 976,179 |
Arrendar pasivo |
| 57,776 | 133,331 |
409,755 |
1,109,510 | ||
Total pasivo |
409,755 |
1,202,935 | |
Patrimonio total y pasivo |
3,053,247 |
48,607,476 |
As permitted by s408 Companies Act 2006, the Company has not presented its own income statement and related notes. The Company's loss for the year was £46,611,419 (2022 - £752,487 loss).
GROUP STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2023
| Capital social | Compartir cuenta Premium | Acciones propias | Reserva de fusión | Acciones a emitir | Ganancias retenidas | Total |
| £ | £ | £ | £ | £ | £ | £ |
Saldo al 1 de abril de 2022 | 3,758,184 | 5,189,313 | - | (5,090,626) | - | (4,134,550) | (277,679) |
| |||||||
Período terminado el 31 de diciembre de 2022 | |||||||
Pérdida y pérdida integral total | - | - | - | - | - | (7,839,398) | (7,839,398) |
Transacciones con propietarios: | |||||||
emisión de acciones capital | 4,005,000 | 4,005,000 | - | - | - | - | 8,010,000 |
Pagos basados en acciones crédito | - | - | - | - | - | 4,680,153 | 4,680,153 |
Effect of reverse take-Más de | 18,750,002 | - | - | (16,030,156) | - | - | 2,719,846 |
| |||||||
Saldo al 31 de diciembre de 2022 | 26,513,186 | 9,194,313 | - | (21,120,782) | - | (7,293,795) | 7,292,922 |
Período terminado el 31 de diciembre de 2023 | |||||||
Pérdida y total integral de | - | - | - | - | - | (8,317,531) | (8,317,531) |
Transacciones con propietarios: | |||||||
emisión de acciones capital | 961,538 | 288,462 | - | - | - | - | 1,250,000 |
Acciones para ser emitido | - | - | - | - | 50,000 | - | 50,000 |
Shares held by employment benefit confianza | - | - | (72,209) | - | - | - | (72,209) |
Basado en acciones pago | (7,289) | 562,759 | 555,470 | ||||
Valor razonable movimiento | 67,109 | 67,109 | |||||
| |||||||
Saldo al 31 de diciembre de 2023 | 27,474,724 | 9,475,486 | (5,100) | (21,120,782) | 50,000 | (15,048,567) | 825,761 |
ESTADO DE CAMBIOS EN EL PATRIMONIO SOCIAL DE LA SOCIEDAD POR EL EJERCICIO TERMINADO EL 31 DE DICIEMBRE DE 2023
| Capital social | Compartir cuenta Premium | Reserva de revalorización | Reserva de pago basada en acciones | Acciones propias | Acciones a emitir | Ganancias retenidas | Total |
| £ | £ | £ | £ | £ | £ | £ | £ |
Saldo al 1 de abril de 2022 | 3,758,184 | 5,189,313 | 836,265 | 40,218 | - | - | (7,176,955) | 2,647,025 |
| ||||||||
Período terminado el 31 de diciembre de 2022 | ||||||||
Pérdida y pérdida integral total | - | - | - | - | - | (752,487) | (752,487) | |
Transacciones con propietarios: | ||||||||
emisión de acciones capital | 22,755,002 | 22,755,001 | - | - | - | - | 45,510,003 | |
Transfer to Revaluation Reserve | - | - | (836,265) | - | - | - | 836,265 | - |
| ||||||||
Saldo al 31 de diciembre de 2022 | 26,513,186 | 27,944,314 | - | 40,218 | - | - | (7,093,177) | 47,404,541 |
Período terminado el 31 de diciembre de 2023 | ||||||||
Pérdida y total integral de | - | - | - | - | - | - | (46,611,419) | (46,611,419) |
Transacciones con propietarios: | ||||||||
emisión de acciones capital | 961,538 | 288,462 | - | - | - | - | - | 1,250,000 |
Acciones para ser emitido | - | - | - | - | - | 50,000 | - | 50,000 |
Own shares acquired transferred to reserves | - | - | - | (72,209) | - | - | (72,209) | |
Basado en acciones pago | - | (7,289) | - | - | - | - | 562,759 | 555,470 |
Valor razonable movimiento | - | - | - | 67,109 | - | - | 67,109 | |
| ||||||||
Saldo al 31 de diciembre de 2023 | 27,474,724 | 28,225,487 | - | 40,218 | (5,100) | 50,000 | (53,141,837) | 2,643,492 |
ESTADO DE EFECTIVO CONSOLIDADO FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
31 Diciembre 31 Diciembre
2023 2022
£ £ £ £
Flujos de efectivo de operación actividades | |||||
Efectivo absorbido por operaciones |
| (6,647,178) | (4,497,027) | ||
Impuestos sobre la renta reintegrado | 369,036 | 120,150 | |||
El efectivo neto utilizado en funcionamiento actividades |
(6,278,142) |
(4,376,877) | |||
Inversiones actividades | |||||
Compra de intangibles activos | - | (849,076) | |||
Compra de propiedad, planta y equipo | (8,618) | (50,457) | |||
Interés recibido | 46,176 | 11,596 | |||
El efectivo neto generated from (used en) invertir actividades | 37,558 | (887,937) | |||
Financiación actividades | |||||
Producto de la emisión de las acciones | 500,000 | 8,010,000 | |||
Net cash acquired on reverse toma de posesión | - | 3,577,275 | |||
Viene de préstamos | 1,000,000 | 500,000 | |||
Reembolso de préstamos | (750,000) | - | |||
Pago de arrendamiento pasivo | (167,929) | (47,533) | |||
Interés dinero | (75,891) | (5,137) | |||
Efectivo neto generado por financiamiento actividades | 506,180 | 12,034,605 | |||
Neto (disminución) / aumento de efectivo y efectivo equivalentes |
(5,734,404) |
6,769,791 | |||
Efectivo y equivalentes de efectivo al inicio de año | 7,045,161 | 275,370 | |||
Efectivo y equivalentes de efectivo al final de año |
1,310,757 |
7,045,161 |
COMPAÑÍA DECLARACIÓN OF EFECTIVO FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
31 Diciembre 31 Diciembre
2023 2022
£ £ £ £
Flujos de efectivo de operación actividades | |||||
efectivo generada a partir de/(absorbed by) operaciones |
| 649,729 | (3,365,399) | ||
Interés dinero | - | 9,970 | |||
El efectivo neto afluencia/(outflow) from operating actividades |
649,729 |
(3,355,429) | |||
Inversiones actividades | |||||
Producto de la enajenación de filiales | - | 1,882,500 | |||
Purchase of additional capital in subsidiaries | (1,250,000) | (8,982,580) | |||
Reembolso de préstamos | - | 1,050,000 | |||
Producto de la enajenación de inversiones | - | 951,460 | |||
Interés recibido | 9 | 69,111 | |||
Efectivo neto utilizado para invertir actividades | (1,249,991) | (5,029,509) | |||
Financiación actividades | |||||
Producto de la emisión de las acciones | 500,000 | 8,010,000 | |||
Viene de préstamos | 1,000,000 | 500,000 | |||
Reembolso de préstamos | (750,000 | ) | - | ||
Pago de pasivos por arrendamiento | (167,929) | (42,699) | |||
Pago interesado | (75,641) | (9,970) | |||
Efectivo neto generado por financiamiento actividades | 506,430 | 8,457,331 | |||
Red (disminución)/aumento en efectivo y efectivo equivalentes |
(93,832) |
72,393 | |||
Efectivo y equivalentes de efectivo al inicio de año | 99,078 | 26,685 | |||
Efectivo y equivalentes de efectivo al final de año |
5,246 |
99,078 |
NOTAS AL FINANCIERO CONSOLIDADO DECLARACIONES
1 Material accounting policy information Company information
Fiinu Plc is a public company limited by shares incorporated in England and Wales. The registered office is Ibex House, Baker Street, Weybridge, Surrey, KT13 8AH. The Group's principal activity is a fintech group, including Fiinu 2 Limited and is the developer of the Plugin Overdraft® which is an unbundled overdraft solution that allows customers to have an overdraft with Fiinu Bank without changing their existing bank. The underlying Bank Independent Overdraft ® technology platform is bank agnostic, allowing Fiinu Bank to serve all other banks' customers, subject to raising the required investment and being successful in the re- application for a UK banking licence. Open Banking allows Fiinu's Plugin Overdraft® to attach ("plugin") to the customer's primary bank account, no matter which bank they may use. Fiinu's vision is built around Open Banking, and it believes that it increases competition and innovation in UK banking.
This Group consists of Fiinu Plc and all of its subsidiarias.
1.1 Contabilidad convención
The Group's consolidated and the Company's financial statements are prepared in accordance with UK- adopted international accounting standards and the Companies Act 2006 requirements, except as otherwise stated. On publishing the parent company financial statements here together with the consolidated financial statements, the company is taking advantage of the exemption in s408 of the Companies Act 2006 not to present its individual statement of profit and loss. Profit and loss and other comprehensive income and related notes that form a part of these approved financial statements.
The financial statements are prepared in sterling, which is the functional currency of the Group. Monetary amounts in these financial statements are rounded to the nearest £.
Los estados financieros han sido preparados bajo la convención de costo histórico. Las principales políticas contables adoptadas se detallan a continuación.
adquisición inversa transacciones
On 15 June 2022 The Directors of Immediate Acquisition Plc announced that it had entered into a Sale and Purchase Agreement to acquire Fiinu Holdings Ltd which, on account of the relative sizes of the two entities, constituted a reverse takeover under the London Stock Exchange AIM Rules. As a prelude to the acquisition, which completed on 7 July 2023, Immediate Acquisition Plc raised £8.01million in new equity capital. The shares in the enlarged company were then readmitted to trading on the AIM market on 8 July 2022 under its new name of Fiinu plc.
Where there has been a reverse takeover, the coming together of the entities does not constitute a business combination and as such the transaction is accounted for as, in substance, a capital reorganisation. The accounting acquirer is different from the legal acquirer. As such, from an accounting perspective, the previous comparatives and any results prior to the reverse takeover have not been presented and the assets and liabilities of the accounting acquirer are recorded in the consolidated financial statements at their pre- combination amounts. The share capital in the consolidated financial statements however, reflects that of the legal acquirer.
Fiinu Holdings Ltd has been identified as the accounting acquirer and Fiinu plc, the legal acquirer. The share capital in the consolidated accounts reflects that of the legal acquirer, being Fiinu plc. The comparatives, and any results prior to 8 July 2022 of Fiinu plc have not been presented and the assets and liabilities of the Fiinu Holdings Limited group have been recorded in the consolidated financial statements at their pre-combination cantidades.
1.2 Base de consolidación
All financial statements are made up to 31 December 2023. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the Group.
Todas las transacciones intragrupo, los saldos y las ganancias no realizadas por transacciones entre empresas del Grupo se eliminan en la consolidación. Las pérdidas no realizadas también se eliminan a menos que la transacción proporcione evidencia de un deterioro del activo transferido.
Las subsidiarias se consolidan en los estados financieros del Grupo desde la fecha en que comienza el control hasta la fecha en que cesa el control.
Las adquisiciones se contabilizan utilizando el método de adquisición. El costo de una adquisición se mide a su valor razonable en la fecha del intercambio de la contraprestación. Los activos y pasivos identificables del negocio adquirido se reconocen a su valor razonable en la fecha de adquisición. En la medida en que el costo de una adquisición exceda el valor razonable de los activos netos adquiridos, la diferencia se registra como plusvalía. Cuando el valor razonable de los activos netos adquiridos excede el costo de adquisición, la diferencia se registra en resultados.
1.3 Registrarse preocupación
The financial statements have been prepared on a going concern basis. In assessing going concern, the Directors have considered the current statement of financial position, the financial projections, longer-term strategy of the business and the capital and liquidity plans, including stress tests and plans for future capital .
During the year, the Group reported that it was facing challenges in raising the full amount of funding required for Fiinu Bank Limited to launch without regulatory restrictions and commence its banking operations in the UK. Accordingly, Fiinu Bank Limited applied to withdraw its banking licence with the aim of re-applying once the Board would be able to attest to the regulators that the funding is secured.
Following the withdrawal of the banking licence application, Fiinu Bank changed its name to Fiinu 2 Limited and the Group initiated controlled cost reductions in order to provide additional time to determine the best way forward for shareholders.
As at 31 December 2023 the Group had available cash resources of £1.3 million. The Directors have prepared forecasts for a period of at least 12 months from the date of signing of these financial statements. Based on the current projection, the Directors believe that there are sufficient funds for the forecast expenditure for at least the next 12 months. However, it is anticipated that the Group will need to raise capital beyond this period in order to proceed with its operational strategy. This represents a material uncertainty that may cast significant doubt on the Group's and company's ability to continue as a going concern. However, the Directors have a reasonable expectation that this uncertainty can be managed to a successful outcome, and based on that assessment, the Group and Company will have adequate resources to continue in operational existence for the foreseeable future.
Los estados financieros no reflejan ningún ajuste que sería necesario realizar si se prepararan sobre una base diferente a la de negocio en marcha.
1.4 Activos intangibles distintos de buena voluntad
Expenditure on research is recognised as an expense in the period in which it is incurrido.
Cost that are directly attributable to the development phase of new customised technologies are recognised as intangible assets provided they meet the following recognition criteria:
· completion of the intangible asset is technically feasible so that it will be available for use or rebaja;
· las Group intends to complete the intangible asset and use or sell eso;
· las Group has the ability to use or sell the tangible activo;
· the intangible asset will generate probable future economic benefits. Among other things, this requires that there is a market for the output from the intangible asset or the intangible asset itself, or, if it is to be used internally, the asset will be used in generating such benefits;
· existen recursos técnicos, financieros y de otro tipo adecuados para completar el desarrollo y para usar o vender el activo intangible; y
· the expenditure attributable to the intangible asset during its development can be measured seguramente.
Development costs not meeting the criteria for capitalisation are recognised as expenses as incurrido.
Amortisation is recognised as an administrative expense in profit or loss on a straight line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. The estimated useful lives for intangible assets are as follows:
Investigación y Desarrollo not yet in utilizan el
1.5 Propiedad, planta y equipo
Las propiedades, planta y equipo se miden inicialmente al costo y posteriormente se miden al costo o valuación, neto de depreciación y cualquier pérdida por deterioro.
Cost includes expenditures that are directly attributable to the acquisition of the asset. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, leased assets are depreciated over the shorter of the lease term and their useful lives. Depreciation is recognised on the following bases:
Arrendamiento perfecta Durante el período de la arrendados
Office and IT equipo 3 - 10 años
Planta y equipo 3 - 7 años
Computers and network equipo 3-5 years or contract term if más corto
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit or loss.
1.6 No corriente inversiones
Las participaciones en subsidiarias, asociadas y entidades controladas conjuntamente se miden inicialmente al costo y posteriormente se miden al costo menos las pérdidas por deterioro acumuladas. Las inversiones se evalúan por deterioro en cada fecha de presentación y cualquier pérdida por deterioro o reversión de pérdidas por deterioro se reconoce inmediatamente en resultados.
Una subsidiaria es una entidad controlada por la empresa matriz. El control es el poder de gobernar las políticas financieras y operativas de la entidad para obtener beneficios de sus actividades.
1.7 Tomando Prestado costos
Finance costs comprise interest expense on borrowings including leases which are recognised in profit or loss in the period in which they are incurred.
1.8 Impairment of tangible and intangible activos
En cada fecha de cierre del informe, el Grupo revisa los valores en libros de sus activos tangibles e intangibles para determinar si existe algún indicio de que dichos activos hayan sufrido una pérdida por deterioro. Si existe tal indicio, se estima el importe recuperable del activo para determinar el alcance de la pérdida por deterioro (si la hubiere). Cuando no es posible estimar el importe recuperable de un activo individual, el Grupo estima el importe recuperable de la unidad generadora de efectivo a la que pertenece el activo.
Los activos intangibles con vidas útiles indefinidas y los activos intangibles que aún no están disponibles para su uso se someten a pruebas de deterioro anualmente y siempre que exista un indicio de que el activo puede estar deteriorado.
1.9 Efectivo y efectivo equivalentes
El efectivo y los equivalentes de efectivo incluyen el efectivo en caja, los depósitos a la vista en bancos, otras inversiones líquidas a corto plazo con vencimientos originales de tres meses o menos y los sobregiros bancarios. Los sobregiros bancarios se muestran dentro de los préstamos en el pasivo corriente.
1.10 Finanzas activos
Los activos financieros se reconocen en el estado de situación financiera del Grupo cuando el Grupo se convierte en parte de las disposiciones contractuales del instrumento. Los activos financieros se clasifican en categorías específicas, según la naturaleza y el propósito de los activos financieros.
En el reconocimiento inicial, los activos financieros clasificados a valor razonable con cambios en resultados se miden a valor razonable y cualquier costo de transacción se reconoce en resultados. Los activos financieros no clasificados a valor razonable con cambios en pérdidas y ganancias se valoran inicialmente a su valor razonable más los costes de transacción.
Financial assets held at amortised el costo
When any of the above-mentioned conditions for classification of financial assets are not met, a financial asset is classified as measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognised initially at fair value and any transaction costs are recognised in profit or loss when incurred. A gain or loss on a financial asset measured at fair value through profit or loss is recognised in profit or loss, and is included within finance income or finance costs in the statement of income for the reporting period in which it arises.
Activos financieros a valor razonable con cambios en resultados o de
When any of the above-mentioned conditions for classification of financial assets are not met, a financial asset is classified as measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognised initially at fair value and any transaction costs are recognised in profit or loss when incurred. A gain or loss on a financial asset measured at fair value through profit or loss is recognised in profit or loss, and is included within finance income or finance costs in the statement of income for the reporting period in which it arises.
Deterioro de valor activos
Financial assets carried at amortised cost are assessed for indicators of impairment at each reporting end fecha.
The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.
For trade receivables, the simplified approach permitted by IFRS 9 is applied, which requires expected lifetime losses to be recognised from initial recognition of the receivables.
Baja de activos financieros activos
Los activos financieros se dan de baja en cuentas solo cuando vencen los derechos contractuales sobre los flujos de efectivo del activo, o cuando transfiere el activo financiero y sustancialmente todos los riesgos y beneficios inherentes a la propiedad a otra entidad.
1.11 Finanzas pasivo
The Group recognises financial debt when the Group becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.
Otros financieros pasivo
Otros pasivos financieros, incluidos los préstamos, las cuentas por pagar comerciales y otros pasivos monetarios a corto plazo, se miden inicialmente al valor razonable neto de los costos de transacción directamente atribuibles a la emisión del pasivo financiero. Posteriormente se miden al costo amortizado utilizando el método de interés efectivo. A los efectos de cada pasivo financiero, el gasto por intereses incluye los costos de transacción iniciales y cualquier prima pagadera en el momento del rescate, así como cualquier interés o cupón pagadero mientras el pasivo esté pendiente.
Baja de activos financieros pasivo
Los pasivos financieros se dan de baja cuando, y sólo cuando, las obligaciones del Grupo se cumplen, cancelan o expiran.
1.12 Equidad instrumentos
Los instrumentos de patrimonio emitidos por la matriz se registran por el importe recibido, neto de los costes directos de emisión. Los dividendos pagaderos sobre instrumentos de capital se reconocen como pasivos una vez que dejan de ser pagaderos a discreción de la empresa.
Share capital represents the nominal value of shares that have been issued. Share premium includes any premium received on issue of share capital.
Retained losses include retained profits and losses relating to current and prior years and purchases and sales of own shares by the Employee Benefit Trust.
All transactions with owners of the parent are recorded separately within capital.
1.13 Taxation
The tax expense represents the sum of the current tax and deferred impuestos.
Current deuda
The current tax is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Diferido deuda
El impuesto diferido es el impuesto que se espera pagar o recuperar sobre las diferencias entre los importes en libros de los activos y pasivos en los estados financieros y las bases fiscales correspondientes utilizadas en el cálculo de la ganancia fiscal, y se contabiliza utilizando el método del pasivo del balance. Los pasivos por impuestos diferidos generalmente se reconocen para todas las diferencias temporarias imponibles y los activos por impuestos diferidos se reconocen en la medida en que sea probable que se disponga de ganancias imponibles contra las cuales se puedan utilizar las diferencias temporarias deducibles. Dichos activos y pasivos no se reconocen si la diferencia temporaria surge del fondo de comercio o del reconocimiento inicial de otros activos y pasivos en una transacción que no afecta ni a la ganancia fiscal ni a la ganancia contable.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the Group has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.14 Nuestros beneficios
Los costos de los beneficios a los empleados a corto plazo se reconocen como un pasivo y un gasto, a menos que se requiera que dichos costos se reconozcan como parte del costo de los inventarios o activos no corrientes.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are recibido.
Termination benefits are recognised immediately as an expense when the Group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.15 Retirement beneficios
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall debido.
1.16 Arrendamientos
At inception, the Group assesses whether a contract is, or contains, a lease within the scope of IFRS 16. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Where a tangible asset is acquired through a lease, the Group recognises a right-of-use asset and a lease liability at the lease commencement date. Right-of-use assets are included within property, plant and equipment, apart from those that meet the definition of investment property and are recognised for all leases except those which are considered to have a fair value below £4,500 and those with a duration of 12 months or less.
El activo por derecho de uso se mide inicialmente al costo, que comprende el monto inicial del pasivo por arrendamiento ajustado por los pagos de arrendamiento realizados en la fecha de inicio o antes, más cualquier costo directo inicial y una estimación del costo de las obligaciones de desmantelamiento. eliminar, renovar o restaurar el activo subyacente y el sitio en el que se encuentra, menos los incentivos de arrendamiento recibidos.
El activo por derecho de uso se deprecia posteriormente utilizando el método de línea recta desde la fecha de inicio hasta el final de la vida útil del activo por derecho de uso o el final del plazo del arrendamiento, lo que ocurra primero. Las vidas útiles estimadas de los activos por derecho de uso se determinan sobre la misma base que las de otras propiedades, planta y equipo. El activo por derecho de uso se reduce periódicamente por las pérdidas por deterioro, si las hubiera, y se ajusta por ciertas nuevas mediciones del pasivo por arrendamiento.
El pasivo por arrendamiento se mide inicialmente al valor presente de los pagos por arrendamiento que no se han pagado a la fecha de inicio, descontados utilizando la tasa de interés implícita en el arrendamiento o, si esa tasa no puede determinarse fácilmente, la tasa incremental de endeudamiento del Grupo. Los pagos por arrendamiento incluidos en la medición del pasivo por arrendamiento comprenden pagos fijos, pagos por arrendamiento variables que dependen de un índice o una tasa, montos que se espera pagar bajo una garantía de valor residual y el costo de cualquier opción que el Grupo esté razonablemente seguro de pagar. ejercicio, tales como el precio de ejercicio bajo una opción de compra, pagos de arrendamiento en un período de renovación opcional, o multas por terminación anticipada de un arrendamiento.
1.17 Extranjero Intercambio
Las transacciones en monedas distintas de la libra esterlina se registran a los tipos de cambio vigentes en las fechas de las transacciones. En cada fecha de cierre del informe, los activos y pasivos monetarios que están denominados en moneda extranjera se reconvierten a las tasas vigentes en la fecha de cierre del informe. Las ganancias y pérdidas que surgen de la conversión en el período se incluyen en la utilidad o pérdida.
1.18 Ganancias por comparte
The Group presents basic and diluted earnings per share ("EPS") data for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the company by the weighted average number of ordinary shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding for the effects of all dilutive potential ordinary shares, which comprise share options granted to empleados.
1.19 New and amended estándares de salud
New and amended standards adopted by the Grupo
El Grupo ha aplicado las siguientes modificaciones por primera vez para el período anual de presentación de informes que comienza el 1 de enero de 2023:
· Insurance Contracts - Amendments to IFRS 17
· Presentation of Financial Statements - Amendments to IAS 1
· Making Materiality Judgements - Disclosure of Accounting Policies - Amendments to IFRS Practice statement 2
· Income Tax - Amendments to IAS 12
· Accounting Policies, Changes in Accounting Estimates and Errors - Amendments to IAS 8.
Las modificaciones enumeradas anteriormente no tuvieron ningún impacto en los montos reconocidos en períodos anteriores y no se espera que afecten significativamente los períodos actuales o futuros.
Nuevas normas e interpretaciones aún no adoptado
A la fecha de formulación de estos estados financieros, el Grupo no ha aplicado las siguientes Normas de Contabilidad NIIF nuevas y revisadas que han sido emitidas pero aún no son efectivas:
· Venta o Aportación de Activos entre un Inversionista y su Asociada o Negocio Conjunto - Modificaciones a la NIIF 10 y NIC 28
· Classification of Liabilities as Current or Non-current - Amendments to IAS 1
· Non-current Liabilities with Covenants - Amendments to IAS 1
· Supplier Finance Arrangements - Amendments to IAS 7 and IFRS 7
· Lease Liability in a Sale and Leaseback - Amendments to IFRS 16
Los Directores no esperan que la adopción de las Normas enumeradas anteriormente tenga un impacto significativo en los estados financieros del Grupo en períodos futuros.
2. Ganancias por comparte | ||
31 Diciembre | 31 Diciembre | |
2023 | 2022 | |
Número | Número | |
Número de las acciones | ||
Promedio ponderado del número de acciones ordinarias en | 274,747,246 | 237,184,397 |
Less weighted average number of own las acciones | (192,323) | - |
Número promedio ponderado de acciones ordinarias para la ganancia básica por comparte |
274,554,923 |
237,184,397 |
Número promedio ponderado de acciones ordinarias para ganancias diluidas por comparte | 274,554,932 | 237,184,397 |
31 Diciembre |
31 Diciembre | |
2023 | 2022 | |
Ganancias | £ | £ |
Continuo operaciones | ||
Loss for the period from continued operaciones | (8,317,531) | (7,839,398) |
2023 |
2022 | |
Pence para comparte | Pence para comparte | |
Utilidad básica y diluida por comparte | ||
De continuar operaciones | (3.06) | (3.31) |
La utilidad por acción básica se calcula dividiendo la utilidad atribuible a los accionistas ordinarios entre el número promedio ponderado de acciones en circulación durante el año.
For diluted earnings per share, the weighted average number of shares in issue is adjusted to assume conversion of all potentially dilutive warrants and options over ordinary shares. Potential ordinary shares resulting from the exercise of warrants and options have an anti-dilutive effect due to the Group being in a loss position. As a result, dilutive loss per share is disclosed as the same value as basic loss per share.
3. Events after the reporting datos
There are no events to report after the reporting date.
4. Financial information in this Announcement
The financial information presented in this announcement does not comprise the statutory accounts for the Group for the financial years ended 31 December 2023 and 31 December 2022, but extracts from them. The Annual Report and Accounts for the year ended 31 December 2023, together with the Notice of Annual General Meeting, will be despatched to shareholders shortly and will be available to download from the Company's website a thttps://fiinuplc.com/annual-and-interim-reports.
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