1、Annual Report and Accountsfor the year ended 31 December MT report&Accounts CVR_aw.indd 104/06/2010 14:40PageChairmans report2Directors report5Report of the independent auditor11Consolidated income statement13Consolidated statement of comprehensive income13Consolidated statement of changes in equity
2、14Consolidated balance sheet15Consolidated cash flow statement16Accounting policies17Notes to the financial statements23Company balance sheet prepared under UK GAAP36Notes to the Company financial statements37Notice of Annual General Meeting41Corporate information45ContentsPage 1IntroductionMobile T
3、ornado Group plc,the leading provider of mobile applications to the enterprisemarket,announces its results for the twelve month period to 31 December 2009.Financial resultsI am pleased to report a year of steady progress.Whilst we are yet to see this reflected in thebottom line I am confident that t
4、he decisions we took during the year and the initiatives thatwere launched will start to deliver increasing momentum during 2010.Turnover in the year to 31 December 2009 amounted to 2,340,000(2008:466,000).Operating losses before exchange differences reduced significantly to 1,985,000(2008:3,494,000
5、).After exchange losses of 424,000(2008:exchange gain 1,407,000)and netfinancing costs of 266,000(2008:132,000)the loss on ordinary activities before taxationwas 2,675,000(2008:2,219,000).The revenue for the year was boosted through the 1.9 million sale of 10,000 BB3G phonesto InTechnology plc,our e
6、xclusive UK partner.The phone was developed in partnership withZTE,one of the leading mobile phone producers in China and showcases the Mobile Tornadoapplications suite,which combines Push to Talk,Push to Locate and Push to Alert on anintegrated intuitive interface.InTechnology are selling the phone