1086 AnnRep-Investment S04-3 - Pumpkin Patch investor relations

PUMPKIN PATCH LIMITED & SUBSIDIARIESNOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFOR THE 12 MONTHS ENDED 31 JULY 2004 (CONTINUED)Parent Company Repricing Maturities 2003Effective < 6 6-12 1-2 2-5 > 5 TotalInterest Months Months Years Years YearsRates $000 $000 $000 $000 $000 $000LiabilitiesBank overdraft 7.10% 40 - - - - 40Term liabilities 7.50% - 1,705 85 - - 1,790Total Liabilities 40 1,705 85 - - 1,830Repricing Gap 40 1,705 85 - - 1,8304. Concentration of Credit RiskIn the normal course of business, the Group incurs credit risk from trade debtors and transactions withfinancial institutions. The Group has a credit policy which is used to manage this risk.The Group has no significant concentrations of credit risk. The Group does not require any collateral orsecurity to support financial instruments due to the quality of financial institutions and trade debtorsdealt with.(b)Fair ValuesThe estimated fair values of the Group’s financial assets and liabilities which differ from the carryingvalues are noted below:31 July 2004 31 July 2003Carrying Fair Carrying FairValue Value Value Value$000 $000 $000 $000AssetsInvestments 4 4 4 4UnrecognisedForeign exchange contracts - 1,712 - (1,369)The Group anticipates that Term Liabilities will be held to maturity and that settlement at fair valueis unlikely.53