Midatech Pharma Plc | CIK:0001643918 | 3

  • Filed: 4/24/2018
  • Entity registrant name: Midatech Pharma Plc (CIK: 0001643918)
  • Generator: Novaworks Software
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1643918/000121465918002960/0001214659-18-002960-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1643918/000121465918002960/mtph-20171231.xml
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  • ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory

    4 Loss from operations

      

        2017     2016     2015  
    Loss from operations is stated after
    charging/(crediting):
        £’000       £’000  

     

     

    £'000 

     

                           
    Changes in inventories of finished goods and work in
    progress
        202       256       62  
    Write down of inventory to net realisable value     -       287       -  
    Depreciation of property, plant and equipment     983       772       501  
    Amortisation of intangible assets – product and
    marketing rights
        1,577       3,583       236  
    Impairment of intangible assets     1,500       11,413       -  
    Operating lease expense:                        
    -          Property     277       385       246  
    -          Plant and machinery     -       194       86  
    Foreign exchange(gain)/ loss     (39 )     31       (23 )
    Acquisition costs     -       -       2,991  
    Loss on disposal of property, plant and equipment     27       -       2,553  
    Gain on bargain purchase     -       -       (165 )
    Share based payment     520       203       170  

     

    Acquisition costs relate to professional fees incurred on the acquisition of Midatech Pharma US, Inc. and Zuplenz® in 2015 and Midatech Pharma (Wales) Limited in 2014.

     

    Amortisation of product and marketing rights are included with distribution costs, sales and marketing expenses.