Jersey Post Annual Report and Accounts | 2012 - States Assembly
Jersey Post Annual Report and Accounts | 2012 - States Assembly
Jersey Post Annual Report and Accounts | 2012 - States Assembly
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<strong>Jersey</strong> <strong>Post</strong> <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> | <strong>2012</strong><br />
Consolidated Balance Sheet<br />
Year Ended 31 December <strong>2012</strong><br />
Note<br />
Restated<br />
<strong>2012</strong> 2011<br />
£’000 £’000<br />
Fixed assets<br />
Assets 9 7,875 8,011<br />
Current assets<br />
Stock 10 215 221<br />
Debtors – due within one year 11 4,413 9,263<br />
Short-term Investments<br />
• Cash Deposits 7,581 15,276<br />
• Equity Investments 2,078 -<br />
Cash 12 4,066<br />
_______<br />
3,626<br />
_______<br />
18,353 28,386<br />
Creditors<br />
Amounts falling due within one year 13 (8,041)<br />
_______<br />
(15,495)<br />
_______<br />
Net current assets 10,312<br />
_______<br />
12,891<br />
_______<br />
Total assets less current liabilities 18,187 20,902<br />
Pension Deficit 15 (5,436)<br />
_______<br />
(5,660)<br />
_______<br />
Net assets 12,751<br />
_______<br />
15,242<br />
_______<br />
Represented by:<br />
Ordinary share capital 17 5,000 5,000<br />
Profit <strong>and</strong> loss account reserve 7,751 10,242<br />
_______<br />
_______<br />
Shareholder’s funds 21 12,751<br />
_______<br />
15,242<br />
_______<br />
The financial statements were approved by the Board of Directors of <strong>Jersey</strong> <strong>Post</strong> International Limited on 24 May 2013 <strong>and</strong><br />
were signed on their behalf by:<br />
Kevin Keen<br />
Chief Executive Officer<br />
Liz Vince<br />
Finance Director<br />
The basis of preparation of these financial statements is set out on page 36, <strong>and</strong> the notes on pages 36-50 form part of<br />
these financial statements.<br />
The restatement of 2011 figures is due to a change in accounting treatment as explained in Notes 13 <strong>and</strong> 15.<br />
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