Note 17: Creditors: amounts falling due after more than one year
|
Group |
Company |
|
|
|
|
|
|
|
|
|
|
2007
£'000 |
|
2006
£'000 |
|
2007
£'000 |
|
2006
£'000 |
|
|
|
|
|
|
|
|
|
|
| Bank loanso |
5,170 |
|
4,631 |
|
5,153 |
|
4,305 |
|
| Deferred contingent consideration§ |
1,662 |
|
2,192 |
|
- |
|
- |
|
| Obligations under finance leases |
20 |
|
11 |
|
- |
|
- |
|
| Amounts owed to subsidiary undertakings† |
- |
|
- |
|
20,768 |
|
22,602 |
|
|
|
|
|
|
|
|
|
|
|
6,852 |
|
6,834 |
|
25,921 |
|
26,907 |
|
|
|
|
|
|
|
|
|
|
º The 2007 Group figure of £5,170,000 comprises £4,653,000 in relation to a £4,653,000 revolving loan facility at an interest rate of 1.25% above Barclays’ call-loan rate, £500,000 in relation to an £8,000,000 revolving loan facility at an interest rate of 1.00% above Barclays’ call-loan rate, and £17,000 relating to the Bank of Scotland loan detailed in note 16. The bank loans are valued at the net proceeds drawn down at the exchange rates ruling at the
time they are drawn. The foreign currency element of the loans is revalued at the prevailing rate at 31 July 2007.
§ The 2007 and 2006 figures all relate to the deferred contingent cash consideration payable for the acquisition of OutCast.
† The amounts payable to subsidiary undertakings in the Company balance sheet relate to the reorganisation of the Next Fifteen US businesses undertaken during 2006 (see note 4).