prospectus for - Pumpkin Patch investor relations

PUMPKIN PATCH LIMITED & SUBSIDIARIESNOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFOR THE 6 MONTHS ENDED 31 JANUARY 2004 (CONTINUED)8. Borrowings (continued)Bank Loans – The bank borrowings are secured by first mortgage over certain assets of the group. Refer to note 16 – ContingentLiabilities.Interest Rates – Refer to Note 21 for effective interest rates on borrowings.9. Loans and AdvancesAdvances have been made to the Group in the amount of $2,500,000 (2003: $2,500,000, 2002: $2,500,000) by the followingshareholders:Feruza TrustSimdec TrustKezza Family TrustThe Opito Family TrustThese advances are interest free, repayable within a period not less than 5 years of the date of the advance being made.10. Accruals and ProvisionsGroup31 Jan 2004 31 July 2003 31 Dec 2002$000 $000 $000CurrentSundry accruals 5,804 3,220 5,188Employee entitlements 1,278 1,281 1,229GST payable 182 1,887 1,540Deferred landlord contributions 1,271 1,030 8888,535 7,418 8,845Non CurrentDeferred landlord contributions 2,316 2,146 2,12610,851 9,564 10,97111. InventoriesGroup31 Jan 2004 31 July 2003 31 Dec 2002$000 $000 $000Inventories Comprise:Finished goods 35,105 38,941 36,672Raw materials 2,795 2,275 2,56537,900 41,216 39,23759