Annual report & review 2006 - Shopic.com
Annual report & review 2006 - Shopic.com
Annual report & review 2006 - Shopic.com
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Summary financial statements<br />
Analysis of net debt<br />
At 1 Cash Disposal Currency At 31<br />
January flow translation December<br />
<strong>2006</strong> and other non- <strong>2006</strong><br />
Restated<br />
cash changes<br />
€m €m €m €m €m<br />
Cash at bank and in hand 137.5 19.7 – 2.1 159.3<br />
Bank overdrafts (114.4) 15.3 – (1.0) (100.1)<br />
Total cash 23.1 35.0 – 1.1 59.2<br />
Bank loans due within one year (94.1) 90.1 4.0 (78.6) (78.6)<br />
Bank loans due after one year (243.9) 8.3 – 75.0 (160.6)<br />
Issue costs 2.5 2.1 – (2.7) 1.9<br />
Total bank loans (335.5) 100.5 4.0 (6.3) (237.3)<br />
Other loans (9.8) 0.1 2.2 – (7.5)<br />
Loan notes (2.5) 1.9 – – (0.6)<br />
Finance lease obligations (1.0) 0.9 – – (0.1)<br />
Net debt (325.7) 138.4 6.2 (5.2) (186.3)<br />
17 Commitments and Contingencies<br />
<strong>2006</strong> 2005<br />
€m €m<br />
Capital expenditure <strong>com</strong>mitments 22.5 42.5<br />
Operating lease <strong>com</strong>mitments (payable in next year) 41.1 38.9<br />
Other <strong>com</strong>mitments and guarantees 55.9 30.5<br />
Deferred tax contingency on revaluation surplus 10.1 10.1<br />
63<br />
Musgrave Group Plc <strong>Annual</strong> Report & Review <strong>2006</strong>
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