Annual Report & Accounts - Countrywide Farmers
Annual Report & Accounts - Countrywide Farmers
Annual Report & Accounts - Countrywide Farmers
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Consolidated Balance Sheet<br />
At 31 May 2008<br />
Group<br />
Group<br />
2008 2007<br />
Note £000s £000s<br />
Fixed Assets<br />
Intangible assets<br />
Goodwill 9 247 361<br />
Negative Goodwill 9 (988) -<br />
(741) 361<br />
Tangible assets 10 37,937 32,332<br />
Investments 11 107 107<br />
Investment in Joint Venture:<br />
Share of Gross Assets - 5,256<br />
Share of Gross Liabilities - (1,551)<br />
37,303 36,505<br />
Current Assets<br />
Stock 12 15,539 11,728<br />
Debtors 13 27,342 22,295<br />
Cash at bank and in hand 39 74<br />
42,920 34,097<br />
Creditors - amounts falling due within one year 14 (39,453) (29,753)<br />
Net Current Assets 3,467 4,344<br />
Total Assets less Current Liabilities 40,770 40,849<br />
Creditors - amounts falling due after more than one year 15 (4,048) (4,643)<br />
Provisions for liabilities and charges 16 (1,273) (1,404)<br />
Net assets excluding Pension Liability 35,449 34,802<br />
Net Pension Liability 25 (5,511) (4,475)<br />
Net assets 29,938 30,327<br />
Capital and Reserves<br />
Called up share capital 18 16,413 16,413<br />
Merger reserve 19 - (7,343)<br />
Revaluation reserve 20 14,536 14,536<br />
Profit and loss account 21 (1,129) 6,634<br />
Equity shareholders' funds 22 29,820 30,240<br />
Equity minority interests 23 118 87<br />
Total equity shareholders' funds 29,938 30,327<br />
The financial statements on pages 16 to 42 were approved by the Board of Directors on 28 August 2008 and were signed<br />
on its behalf by:<br />
NP Hall<br />
JH Hardman<br />
}<br />
Directors<br />
Page 18
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