Annual Report & Accounts - Countrywide Farmers
Annual Report & Accounts - Countrywide Farmers
Annual Report & Accounts - Countrywide Farmers
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Notes to the Financial Statements (Continued)<br />
For the year ended 31 May 2008<br />
3) EXCEPTIONAL COSTS<br />
The principal components of the exceptional costs in the prior year included business re-organisation costs and the pension<br />
credit.<br />
4) NET PROFIT ON SALE OF TANGIBLE FIXED ASSETS<br />
In the prior year, the profit on disposal of fixed assets arose from the disposal of properties that were surplus to the Group's<br />
operational requirements.<br />
5a) INTEREST<br />
Group Group<br />
2008 2007<br />
£000s £000s<br />
Redundancy and other personnel related costs - 345<br />
Accelerated depreciation of fixed assets - 2,131<br />
Past service pension credit - (1,871)<br />
Other - 250<br />
- 855<br />
Interest Receivable<br />
Group Group<br />
Total<br />
Total<br />
2008 2007<br />
£000s £000s<br />
Interest receivable on bank deposit 35 176<br />
Joint Venture interest receivable 46 109<br />
81 285<br />
Interest Payable<br />
-<br />
Interest payable on bank loans and overdrafts 502 918<br />
Interest on invoice discounting finance 205 367<br />
Interest on other loans 4 10<br />
Interest payable on finance leases 30 57<br />
Interest payable other than Joint Venture 741 1,352<br />
Joint Venture interest payable 2 9<br />
743 1,361<br />
5b) OTHER FINANCE INCOME<br />
Group Group<br />
Total<br />
Total<br />
2008 2007<br />
£000s £000s<br />
Other finance income - pension scheme (Note 25) 302 13<br />
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