Annual Report & Accounts - Countrywide Farmers

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Notes to the Financial Statements (Continued) For the year ended 31 May 2008 Land and Leasehold Plant and Company Buildings Property Machinery Vehicles Total £000s £000s £000s £000s £000s Cost At 1 June 2007 30,151 1,683 15,927 1,445 49,206 Additions 132 - 2,454 90 2,676 On acquisition - - 6,343 484 6,827 Disposals - - (507) (38) (545) Transfers in from Joint Venture - 157 6,382 635 7,174 At 31 May 2008 30,283 1,840 30,599 2,616 65,338 Depreciation At 1 June 2007 6,531 653 8,609 1,110 16,903 Charge for the year 570 152 2,233 219 3,174 On acquisition - - 3,433 360 3,793 Disposals - - (410) (57) (467) Transfers in from Joint Venture - 69 3,672 289 4,030 At 31 May 2008 7,101 874 17,537 1,921 27,433 Net book value at 31 May 2008 23,182 966 13,062 695 37,905 Net book value at 31 May 2007 23,620 1,030 7,318 335 32,303 Assets with a net book value of £3,034,000 are included in the above on the acquisition of the remaining 50% of the Joint Venture from ESSO. In addition, on 31 May 2008 the assets representing the groups original 50% share in the joint venture were hived up into the group’. Tangible assets held under finance leases, capitalised and included in Fixed Assets above: 11) FIXED ASSET INVESTMENTS 2008 2007 £000s £000s Net book value at 31 May 291 217 Own Other Group shares investments Total £000s £000s £000s Cost at 1 June 2007 and 31 May 2008 51 56 107 Investments in subsidiary Own Other Company companies shares investments Total £000s £000s £000s £000s Cost at 1 June 2007 9,310 51 56 9,417 Disposals (9,070) - - (9,070) At 31 May 2008 240 51 56 347 Own shares At 31 May 2007, 247,665 ordinary shares of 50p each in <strong>Countrywide</strong> <strong>Farmers</strong> plc were held, at a cost of £51,000 by the Employee Share Option Plan Trust. These are being held in respect of future employee incentive schemes. Page 31
Notes to the Financial Statements (Continued) For the year ended 31 May 2008 12) STOCK 13) DEBTORS Group Group Company Company 2008 2007 2008 2007 £000s £000s £000s £000s Raw materials and consumables 823 463 823 463 Finished goods 14,716 11,265 14,550 11,104 15,539 11,728 15,373 11,567 Group Group Company Company 2008 2007 2008 2007 £000s £000s £000s £000s Trade debtors 23,505 14,428 23,441 14,379 Amounts owed by subsidiary companies - - 131 11 Other debtors 1,292 1,379 1,268 1,356 Prepayments and accrued income 1,709 2,095 1,689 2,081 Deferred taxation 836 - 834 821 Accrued capital receipt - 4,393 - - 27,342 22,295 27,363 18,648 The Group's financing arrangements include the use of invoice discounting as explained in note 14. Included in trade debtors for the Group of £ 23,505,000 (2007: £14,428,000) and for the Company of £ 23,441,000 (2007: £14,379,000) are amounts of £6,903,000 (2007: £193,000) on which finance has been raised. Page 32
Page 1 and 2: Annual Report & Accounts Year Ended
Page 3 and 4: Contents Page Chairman’s Report 1
Page 5 and 6: Chairman’s Report 2008 (Continued
Page 7 and 8: Managing Director’s Review (Conti
Page 9 and 10: Finance Review Balance sheet and Ca
Page 11 and 12: Directors’ Profiles NIGEL HALL (C
Page 13 and 14: Directors’ Report The Directors p
Page 15 and 16: Corporate Governance Statement Coun
Page 17 and 18: Statement of Directors’ Responsib
Page 19 and 20: Consolidated Profit and Loss Accoun
Page 21 and 22: Consolidated Balance Sheet At 31 Ma
Page 23 and 24: Consolidated Cash Flow Statement Fo
Page 25 and 26: Notes to the Financial Statements F
Page 27 and 28: Notes to the Financial Statements (
Page 33: Notes to the Financial Statements (
Page 47 and 48: Countrywide Sites Wrexham Wardle Wh

Annual Report & Accounts - Countrywide Farmers

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