Annual Report 2016
Notes to the Financial Statements
17 Stocks
Group
2016
£’000
2015
£’000
Stores and raw materials
2,272
2,313
The Company had no stocks at either year-end.
18 Debtors
Group Company
2016
2015
2016
2015
(as restated)
£’000
£’000
£’000
£’000
Amounts recoverable within one year
Trade debtors
Other debtors
Amounts owed by Group undertakings
Amounts owed by parent undertakings
Prepayments and accrued income
41,092
250
—
364
23,282
40,170
2,368
—
364
17,497
—
33
6,717
—
2,483
—
276
6,312
—
1,956
Amounts recoverable in more than one year
Loans receivable from parent undertakings
Amounts owed by Group undertakings
Other amounts owed by parent undertakings
64,988 60,399 9,233 8,544
93,740
—
3,786
95,657
—
3,906
53,740
17,014
—
55,657
23,188
—
97,526
99,563
70,754
78,845
162,514 159,962 79,987 87,389
19 Borrowings
Group
Company
2016
2015
2016
2015
£’000
£’000
£’000
£’000
Amounts falling due within one year
Short-term bank loans
Bank term loans
Obligations under finance leases and hire purchase contracts
8,200
—
392
8,592 27,000 8,702 6,837
Amounts falling due in more than one year
Bank term loans
Index-linked debt
Private placement loan notes
Irredeemable debenture stock
Obligations under finance leases and hire-purchase contracts:
Payable between one and two years
Payable between two and five years
—
26,420
580
8,702
—
—
6,837
—
—
109,082
212,046
40,749
1,652
79,018
205,978
40,654
1,652
79,248
—
40,749
—
79,018
—
40,654
—
—
—
45
—
—
—
—
—
363,529 327,347 119,997 119,672
Total borrowings
372,121
354,347
128,699
126,509
The book value of the Group’s index-linked debt of £212,046,000 (2015: £205,978,000) is stated above at amortised cost in accordance with FRS 102.
The indexed principal of £192,706,000 (2015: £190,638,000) is used for borrowing covenant reporting purposes. Similarly, Group gross bank loans
of £109,763,000 (2015: £106,263,000) and gross private placement loan notes of £41,000,000 (2015: £41,000,000) are used for covenant reporting
purposes but, in accordance with FRS 102, are stated above net of unamortised issue costs.
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