Dave Forsey Chief Executive 19 July 2012 - Sports Direct International

Loans and
payables
(£’000)
Liabilities at fair
value through profit
and loss
(£’000)
Non-financial
liabilities
(£’000)
Liabilities – 2012
Non-current borrowings 214,587 - - 214,587
Retirement benefit obligations - - 19,318 19,318
Deferred tax liabilities - - 25,789 25,789
Provisions - - 62,889 62,889
Derivative financial liabilities - 1,570 - 1,570
Trade and other payables 235,690 - 47,129 282,819
Current borrowings 9,303 - - 9,303
Current tax liabilities - - 44,019 44,019
459,580 1,570 199,144 660,294
Liabilities – 2011
Non-current borrowings 194,917 - 1,265 196,182
Retirement benefit obligations - - 16,186 16,186
Deferred tax liabilities - - 28,238 28,238
Provisions - - 58,277 58,277
Derivative financial liabilities - 5,984 - 5,984
Trade and other payables 184,078 - 50,773 234,851
Current borrowings 13,219 - - 13,219
Current tax liabilities - - 32,118 32,118
392,214 5,984 186,857 585,055
Carrying values do not materially differ from fair value.
Fair value hierarchy
The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:
• Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities;
• Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly
or indirectly; and
• Level 3: techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable
market data.
As at 29 April 2012, the only financial instruments were Derivative financial assets, which are classified as Level 2, and Available-for-sale financial
assets, which are classified as Level 1.
99
Total
(£’000)