Next Fifteen Communications group - Annual Report 2007
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Notes forming part of the financial statements

Note 16: Creditors: amounts falling due within one year

Group Company
2007
£'000
  2006
£'000
  2007
£'000
  2006
£'000
 
Bank loans1 320   320   -   -  
Overdrafts -   227   -   -  
Deferred contingent consideration2 576   435   -   -  
Obligations under finance leases 392   268   382   221  
Trade creditors 1,702   1,912   79   163  
Amounts owed to subsidiary undertakings -   -   3,612   1,553  
Corporation tax 29   -   -   -  
Other taxation and social security 1,544   1,434   51   35  
Other creditors 1,079   1,422   87   26  
Accruals and deferred income 7,331   6,536   115   342  
  12,973   12,554   4,326   2,340  

1 Relates to a £337,000 bank loan in the books of Panther Communications Group Limited. Interest is charged on the loan at 2% above the Bank of Scotland base rate and the loan is secured with a floating charge over the assets of Lexis Public Relations Limited.

2 The 2007 figure relates to the acquisition of OutCast Communications Corporation (“OutCast”) . The 2006 figure comprises £354,000 relating to the acquisition of OutCast and £81,000 for the purchase of Credo Communications Limited.

 

© 2007 Next Fifteen Communications Group plc