1、Annual Report and Accountsfor the year ended 31 December MT report&Acc CVR_2010_aw.indd 127/05/2011 16:21PageChairmans report2Directors report6Report of the independent auditor12Consolidated income statement14Consolidated statement of comprehensive income14Consolidated statement of changes in equity
2、15Consolidated statement of financial position16Consolidated statement of cash flows17Accounting policies18Notes to the financial statements23Company balance sheet prepared under UK GAAP35Notes to the Company financial statements36Notice of Annual General Meeting40Corporate information44ContentsPage
3、 1IntroductionMobile Tornado Group plc,the leading provider of instant communication mobile applicationsto the enterprise market,announces its results for the twelve month period to 31 December2010.HighlightsMajor deal closed with mobile operator in India for 200,000 licensesPartnership deal contrac
4、ted with Pocket Mobile and G4S signed as first customerExclusive partnership signed in South Africa with NECOContract agreed with IVU Transport Technologies AG to integrate PTT with their transportcommunication platformTechnical resources redeployed across centres in Israel,UK and India for maximume
5、fficiencyDeal announced today with Israeli mobile operator for initial 10,000 licensesFinancial resultsI am pleased to report another year of progress.Through a combination of increased salesactivity and reduced overheads we have recorded a loss for the year of 1,569,000 comparedto 2,675,000 in the
6、previous year.Although revenues at 1,432,000 were less than the2,340,000 recorded in 2009,last years figures were boosted by the 1.9 million sale ofBB3G phones to InTechnology plc,our exclusive UK partner.If this deal is excluded,then salesare up by over 300%.Gross profits more than doubled to 1,082