Financial Statements - Chemring Group PLC

2 0 0 3 F I N A N C I A L S T A T E M E N T S18. DEBTORS2003£000Group2002£0002003£000Parent2002£000Trade debtorsAmounts owed by subsidiary undertakingsGroup relief recoverableAdvance corporation tax recoverableOther debtorsPrepayments and accrued income25,063--17010,0561,05736,34619,692--46711,48998832,6365652,1941,823-9188055,071752,3881,238-1,0979454,824Included within other debtors are amounts recoverable under an insurance claim relating to an incident atKilgore Flares Company LLC (see Note 6) and amounts held in respect of own shares of £174,000 (2002: £264,000).All amounts shown above are due within one year.19. CREDITORS DUE WITHIN ONE YEAR2003£000Group2002£0002003£000Parent2002£000Bank overdrafts (see Note 20)Bank loans (see Note 20)Loan stock – unsecured (see Note 20)Trade creditorsAmounts owed to subsidiary undertakingsOther creditorsObligations under finance leases (see Note 20)Corporation tax payableOverseas tax payableOther taxation and Social SecurityAccruals and deferred incomeProposed dividends16,7666,2204019,256-4,6481,3051,2571,0299794,8451,33057,67517,3455,3634012,293-3,5639289742,6841,5383,3941,16649,28819,2615,2464049812,819630-302-219281,33041,07518,0734,365402799,046-----1,3861,16634,355Loan stock is repayable on three months’ notice from holders and attracts interest at 1% below base rate. The loan stock is heldby certain vendor shareholders of Kembrey Limited (formerly Kembrey Plc), acquired in August 1994, and is guaranteed byNational Westminster Bank Plc.Bank loans and overdrafts held with Bank of Scotland are secured by a full debenture over the assets of the UK businesses andKilgore Flares Company LLC, and are also subject to cross guarantees between all UK subsidiaries. Finance lease obligations aresecured on the related assets.P 45