1Spatial (AIM: SPA) Announces Final Results for the year ended 31 January 2021

The loans are due for repayment over a five-year period, with a broadly even repayment pattern with approximately

€0.5m (£0.4m) due for repayment in FY 2022. New borrowings in the year amounted to £1.8m. There are no financial covenants attached to the loans, nor is there any security applied. All loans are denominated in €.

  • Trade and other payables

    Current

     

    2021

    £’000

    2020

    £’000

    Trade payables

    1,736

    2,143

    Other taxation and social security

    3,496

    2,477

    Other payables

    852

    996

    Accrued liabilities

    1,464

    905

    Deferred income

    5,870

    4,918

     

    13,418

    11,439

    The Directors consider that the book value of trade payables, taxation, other payables, accrued liabilities and deferred income approximates to their fair value at the reporting date.

    Below is a reconciliation of the movement in deferred income:

    Total

    £’000

    At 1 February 2020

    4,918

    Revenue recognised in the year

    (4,918)

    Revenue deferred at year end

    5,719

    Foreign exchange difference

    151

    At 31 January 2021

    5,870

  • Leases

    Right of use assets

    £’000

    At 1 February 2020

    3,272

    Additions during the year

    598

    Depreciation

    (1,106)

    Foreign exchange difference

    (70)

    At 31 January 2021

    2,694

     

    31 January 2021

    £’000

    31 January 2020

    £’000

    Buildings

    2,428

    3,004

    Cars

    216

    221

    Others

    50

    47

     

    2,694

    3,272

    Lease liabilities

    £’000

    At 1 February 2020

    3,297

    Additions during the year

    586

    Rent concession

    (88)

    Interest cost

    114

    Cash paid

    (1,183)

    Foreign exchange difference

    (58)

    At 31 January 2021

    2,668

     

    31 January 2021

    £’000

    1 February 2020

    £’000

    Current

    925

    957

    Non-current

    1,743

    2,340

     

    2,668

    3,297

    Amounts recognised in profit or loss:

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