Merit Group plc (AIM: MRIT)

Merit Group Balance Sheet

Financials in millions GBP. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	0.78	0.78	2.14	2.32	5.57	4.37
Cash & Short-Term Investments	0.78	0.78	2.14	2.32	5.57	4.37
Cash Growth	-63.53%	-63.53%	-7.63%	-58.29%	27.40%	-38.99%
Accounts Receivable	3.09	3.09	3.66	4.29	3.87	4.93
Other Receivables	0.73	0.73	1.19	0.51	0.28	0.57
Receivables	3.82	3.82	4.85	5.01	4.71	5.51
Inventory	-	-	-	0.01	0.04	0.27
Prepaid Expenses	0.48	0.48	0.65	0.35	1.44	2.31
Other Current Assets	-	-	-	0.41	-	-
Total Current Assets	5.08	5.08	7.65	8.11	11.75	12.46
Property, Plant & Equipment	2.5	2.5	2.22	7.47	8.87	10.06
Long-Term Investments	0.35	0.35	0.45	0.78	0.72	0.66
Goodwill	26.92	26.92	26.92	28.91	28.91	28.91
Other Intangible Assets	7	7	7.76	9.83	9.7	9.93
Long-Term Deferred Tax Assets	0.28	0.28	0.18	0.42	-	-
Long-Term Deferred Charges	0.3	0.3	0.14	-	0.75	1.3
Total Assets	42.43	42.43	45.32	55.51	60.69	63.89
Accounts Payable	0.68	0.68	0.49	0.4	2.66	12.29
Accrued Expenses	1.15	1.15	2.03	1.43	2.3	0.05
Short-Term Debt	-	-	-	-	-	3
Current Portion of Long-Term Debt	2.09	2.09	3.37	2.86	2.25	-
Current Portion of Leases	0.98	0.98	0.68	1.68	1.47	1.52
Current Unearned Revenue	3.07	3.07	3.14	5.1	4.8	-
Other Current Liabilities	0.87	0.87	1.06	2.88	3.94	1.05
Total Current Liabilities	8.84	8.84	10.78	14.34	17.42	17.9
Long-Term Debt	0.55	0.55	1.34	1.52	2.38	-
Long-Term Leases	0.89	0.89	1.2	5.04	6.47	7.7
Long-Term Deferred Tax Liabilities	-	-	-	-	0.22	0.86
Other Long-Term Liabilities	-	-	-	-	-	1.59
Total Liabilities	10.57	10.57	13.57	21.1	26.66	28.14
Common Stock	6.71	6.71	6.71	6.71	19.5	19.24
Additional Paid-In Capital	1.07	1.07	1.07	1.07	20.87	20.08
Retained Earnings	10.54	10.54	10.35	13.03	-6.67	-3.99
Comprensive Income & Other	13.54	13.54	13.63	13.6	0.34	0.42
Shareholders' Equity	31.86	31.86	31.75	34.41	34.04	35.75
Total Liabilities & Equity	42.43	42.43	45.32	55.51	60.69	63.89
Total Debt	4.51	4.51	6.6	11.1	12.57	12.22
Net Cash (Debt)	-3.73	-3.73	-4.45	-8.78	-7	-7.85
Net Cash Per Share	-0.16	-0.16	-0.19	-0.39	-0.34	-0.44
Filing Date Shares Outstanding	23.96	23.96	23.96	23.96	20.79	20.79
Total Common Shares Outstanding	23.96	23.96	23.96	23.96	20.79	19.85
Working Capital	-3.76	-3.76	-3.13	-6.23	-5.68	-5.44
Book Value Per Share	1.33	1.33	1.33	1.44	1.64	1.80
Tangible Book Value	-2.06	-2.06	-2.93	-4.33	-4.58	-3.09
Tangible Book Value Per Share	-0.09	-0.09	-0.12	-0.18	-0.22	-0.16
Machinery	1.77	1.77	1.45	2.52	2.26	1.71
Leasehold Improvements	0.09	0.09	-	2.04	2.04	2.03

Source: S&P Capital IQ. Standard template. Financial Sources.