Full Report - Alliance Trust

49
9 Debtors £000
Group Group Company Company
2004 2003 2004 2003
Sales for subsequent settlement 4,989 1,935 4,989 1,935
Loan to The Second Alliance Trust PLC (Note 17) 4,000 4,000 - -
Taxation recoverable 231 433 231 433
Deferred taxation 51 48 19 18
Prepayments and accrued income 3,010 3,073 1,832 2,170
Other debtors 1,252 606 14 14
13,533 10,095 7,085 4,570
10 Creditors: amounts falling due within
one year £000
Group Group Company Company
2004 2003 2004 2003
Amounts due to depositors 71,763 65,579 - -
Purchase for subsequent settlement 1,320 2,255 1,320 2,255
UK corporation tax payable 1,223 1,146 935 960
Loan from ATF (Note 17) - - 12,000 12,000
Proposed dividends 17,941 20,461 17,941 20,461
Amount due to subsidiary company - - - 53
Other creditors 5,138 1,316 675 281
97,385 90,757 32,871 36,010
11 Reserves £000
Group reserves
Company reserves
capital capital capital capital
realised unrealised revenue realised unrealised revenue
Beginning of year 995,784 150,597 43,080 994,485 166,159 28,817
Exchange differences 2,427 - - 2,427 - -
Net loss on realisation of investments (2,915) - - (2,915) - -
Increase in unrealised appreciation - 268,118 - - 268,333 -
Surplus on revaluation of office premises - 50 - - 50 –
Minority interest - 73 - - - -
Retained net revenue for the year - - 2,609 - - 2,467
End of year 995,296 418,838 45,689 993,997 434,542 31,284
12 Reconciliation of movements in
stockholders’ funds £000
Group Group Company Company
2004 2003 2004 2003
Opening equity stockholders’ funds 1,202,061 1,670,119 1,202,061 1,670,119
Total recognised gains and losses after dividend 270,362 (468,058) 270,362 (468,058)
Closing equity stockholders’ funds 1,472,423 1,202,061 1,472,423 1,202,061
Non-equity stockholders’ funds 2,200 2,200 2,200 2,200
There was no movement in non-equity stockholders’ funds during the year.
13 Reconciliation of net revenue before
interest and tax to net cash inflow
from operating activities £000
Group Group Company Company
2004 2003 2004 2003
Net revenue before interest payable and taxation 43,753 41,304 41,841 39,889
Dividend from subsidiary company - - (638) (1,275)
Scrip dividends - (74) - (74)
Amortisation – non-cash adjustment 593 539 8 –
Decrease in accrued income 63 720 338 338
Increase(decrease) in other creditors 3,822 (2,592) 341 14
(Increase)decrease in other debtors (646) 365 - (4)
Increase in amounts due to depositors 6,184 11,315 - –
Net cash inflow from operating activities 53,769 51,577 41,890 38,888