| SPECTRUM GROUP | ||||||
| Quarter | Quarter | 12 months | 12 Months | |||
| ended | ended | ended | ended | |||
| 31.12.13 | 31.12.12 | 31.12.13 | 31.12.12 | |||
| (USD 1000) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Gross operating revenue | 47 040 | 55 098 | 162 001 | 141 136 | ||
| Net operating revenue | 38 519 | 50 850 | 143 023 | 116 972 | ||
| EBIT | 8 315 | 20 287 | 41 642 | 39 355 | ||
| Net Profit / (Loss) | 14 380 | 12 110 | 30 632 | 23 115 | ||
| Cash flow from operating activities | 13 870 | 27 553 | 78 541 | 92 531 | ||
| Investment in Multi-Client library | 13 487 | 12 060 | 85 200 | 76 162 | ||
| Multi-Client library Net book value | 112 400 | 87 087 | 112 400 | 87 087 | ||
| Cash and cash equivalents | 2 721 | 16 988 | 2 721 | 16 988 | ||
Q4 Highlights
n Gross Multi-Client sales in the quarter totalled MUSD 46.4 (2012:MUSD 54.5)
n Revenue share on Multi-Client sales was 18.4% compared to 7.8% in Q4 2012, giving Multi-Client net revenue of MUSD 37.8 (2012:MUSD 50.2)
n Multi-Client revenue were comprised of late sales of MUSD 32.8 (2012: MUSD 29.7) and prefunding on Multi-Client investments of MUSD 13.5 (2012: MUSD 24.8)
n EBIT for the quarter was MUSD 8.3 (2012: MUSD 20.3)
n Multi-Client investments were MUSD 13.5 with 100% prefunding (2012:MUSD 12.1 with 206% prefunding)
n Operational cash flow in Q4 of MUSD 13.9 (2012: MUSD 27.6)
12 months Highlights
n Gross Multi-Client sales totalled MUSD 159.7 (2012:MUSD 137.8)
n Revenue share on Multi-Client sales was 11.9% compared to 17.5% in 2012, giving Multi-Client net revenue of MUSD 140.7 (2012:MUSD 113.6)
n Multi-Client investments were MUSD 85.2 with 55% prefunding (2012:MUSD 76.2 with 77% prefunding)
n EBIT was MUSD 41.6 (2012: MUSD 39.4)
n Operational cash flow of MUSD 78.5 (2012:MUSD 92.5)
