Key insights
7 takeaways · ~3 min read- 01Frontier plans to release three self-published CMS (Creative Management Simulation) games in the next three consecutive financial years: Planet Coaster 2 in autumn 2024 (FY25), a new Jurassic World game in FY26, and a third unannounced CMS game in FY27.See it on page 10
- 02Frontier reported a loss before taxation of £28.425 million for the 12 months ending May 31, 2024, an increase from £26.509 million in the previous year.See it on page 53
- 03Net cashflows from operating activities decreased to £31.625 million in FY24 from £47.875 million in FY23, while net cashflows used in investing activities improved to (£27.868 million) from (£52.310 million).See it on page 56
- 04The company incurred £1.4 million in costs from an Organizational Review in FY24, primarily due to redundancy costs, compared to £nil in FY23.See it on page 64
- 05Frontier's total unrecognised tax losses increased to £109.5 million at May 31, 2024, from £80.2 million at May 31, 2023, with these losses having no expiry date.See it on page 86
- 06The impairment of other intangible assets was £16.930 million in FY24, down from £18.117 million in FY23, and the net book value of intangible assets decreased to £42.7 million from £64.1 million.See it on page 12
- 07The CEO, Jonny Watts, has a base salary of £320,000, while the President and Founder, David Braben, and the CFO, Alex Bevis, each have base salaries of £248,000.See it on page 44
Summary
ANNUAL REPORT AND ACCOUNTS 2024 30 YEARS OF HEADLINES CONTENTS CREATIVITY, STRATEGIC REPORT See a summary of the headlines for FY24, 01 Headlines INNOVATION AND ...
Cite this report
Citation
Generating citation...
