Notes to the Financial Statements
Notes to the Financial Statements
continued
19 Trade and other payables
continued
2016
€’000 2015
€’000
194,281 182,259
11,798 10,316
535 -
19 Trade and other payables - continued
GROUP
Trade payables and accruals
Other payables
Lease obligations (note 21)
Corporation tax
120 288
PAYE/PRSI 1,302 1,473
Value added tax 3,302 4,437
Deferred acquisition consideration 5,811 4,938
217,149 203,711
Trade payables include amounts due to certain suppliers who have reserved title to goods supplied. Since the extent to which
these payables are effectively secured at any time depends on a number of conditions, the validity of some of which is not readily
determinable, it is not possible to indicate how much of the creditors were effectively secured by reservation of title.
2016
€’000
Deferred acquisition consideration
Deferred consideration financial asset (note 14)
2015
€’000
256,242
- 8,458
-
1,369 14,342
Deferred acquisition consideration - 5,147
Deferred consideration financial asset (note 14) - 8,458
- 13,605
COMPANY
Deferred acquisition consideration
Total deferred acquisition consideration is payable in the following periods after 31 December in the Group and Company:
1,629 553
Other payables 4,464 2,842
271 555
5,243 4,731
267,849 273,973
Amounts owed to subsidiaries are unsecured, interest free and are repayable on demand.
Trade and other payables are payable at various dates in the next three months in accordance with the suppliers’ usual and customary
credit terms.
2016
€’000 2015
€’000
5,811 4,938
724 5,362
GROUP
- Within one year
- Between one and two years
- Between two and five years
265,292
Trade payables and accruals
Deferred acquisition consideration
5,884
645
Lease obligations (note 21)
COMPANY
PAYE/PRSI
724
GROUP
Tax and social welfare costs are payable at various dates over the coming months in accordance with the applicable statutory provisions.
Amounts owed to subsidiaries
2015
€’000
Other non-current payables
Trade and other payables are payable at various dates in the next three months in accordance with the suppliers’ usual and customary
credit terms.
2016
€’000 - 522
6,535 10,822
5,243 4,731
- 5,147
5,243 9,878
COMPANY
- Within one year
- Between one and two years
Deferred acquisition consideration reflects amounts payable relating to the acquisition of Cahill May Roberts Limited in 2013 and
the acquisition of Star Medical Limited, Allcare Management Services Limited and Dialachemist Limited in 2015. Additional deferred
consideration in 2016 reflects the acquisition of the ostomy business and related assets of Murray’s Medical Equipment Limited in
May 2016.
Trade payables include amounts due to certain suppliers who have reserved title to goods supplied. Since the extent to which
these payables are effectively secured at any time depends on a number of conditions, the validity of some of which is not readily
determinable, it is not possible to indicate how much of the creditors were effectively secured by reservation of title.
Tax and social welfare costs are payable at various dates over the coming months in accordance with the applicable statutory provisions.
70 | Annual Report 2016
Annual Report 2016 | 71