Notes 20, 21 and 22
20. Current Tax
The current net tax liability of £6.7 million (2004: £0.3 million) represents the amount of income taxes payable in respect of current and prior periods.
21. Cash and Cash Equivalents
|
2005
£m |
2004
£m |
| Cash and cash equivalents |
12.7 |
14.4 |
| Bank overdrafts |
(0.9) |
(1.0) |
| Cash and cash equivalents in the cash flow statement |
11.8 |
13.4 |
22. Reconciliation of Decrease in Cash and Cash Equivalents to Movement in Net Debt(1)
|
2005
£m |
2004
£m |
| Decrease in cash and cash equivalents |
(1.6) |
(1.2) |
| Net repayment of loans |
8.2 |
1.6 |
| Reduction in net debt resulting from cash flows |
6.6 |
0.4 |
| |
|
|
| Exchange on cash movements |
- |
(1.0) |
| Exchange on loan movements |
(0.7) |
(0.3) |
| Exchange rate movements |
(0.7) |
(1.3) |
| |
|
|
| Movements in net debt in the period |
5.9 |
(0.9) |
| Net debt at 1 January |
(11.3) |
(10.4) |
| Net debt at 31 December |
(5.4) |
(11.3) |
Exchange rate movements result from the adjustment of opening balances and cash flows in the year to closing exchange rates.
(1) Net debt constitutes cash and cash equivalents, bank overdrafts and bank loans.
Information correct at 03/05/2006