Savills plc - Investor relations

NOTES TO THE ACCOUNTSyear ended 31 December 2003Group Group Company Company31 December 2003 31 December 2002 31 December 2003 31 December 200215. Debtors £'000 £'000 £'000 £'000Trade debtors 56,670 49,516 794 177Amounts owed by subsidiary undertakings - - 2,290 3,728Other debtors 10,048 7,183 294 74Taxation - - 1,556 589Deferred taxation 2,146 1,030 297 283Prepayments & accrued income 13,210 13,903 609 29182,074 71,632 5,840 5,142Included within trade debtors is an amount of £89,000 due after one year (2002 - £203,000) and within other debtors an amount of £267,000 due after one year (2002 - £26,000).Group Group Company Company31 December 2003 31 December 2002 31 December 2003 31 December 200216. Creditors - amounts falling due within one year £'000 £'000 £'000 £'000Bank loans & overdrafts 3,319 877 6,107 -Loan notes 100 170 - -Obligations due under finance leases 13 28 - -Trade creditors 13,427 13,997 693 1,653Amounts owed to subsidiary undertakings - - 30,025 24,064Corporation tax 5,916 4.435 - -Other taxation & social security 8,845 6,694 86 -Other creditors 2,452 1,263 2,424 1,374Accruals & deferred income 63,891 63,505 2,705 2,005Dividends payable 5,790 4,842 5,605 3,863103,753 95,811 47,645 32,959(a) Accruals and deferred income includes bonus payments in respect of the year ended 31 December 2003, payable after the year end.(b) At 31 December 2003, £320,000 of the £490,000 3.5% Guaranteed Unsecured Loan Notes 2002 which were issued by a subsidiary undertaking as part consideration for the acquisition of the business andassets of Hutton Simpson Limited were still in issue. These are repayable over three years and interest is payable half yearly.Group Group Company Company31 December 2003 31 December 2002 31 December 2003 31 December 200217. Creditors - amounts falling due after more than one year £'000 £'000 £'000 £'000Bank loans 18,961 21,143 - -Loan notes 220 320 - -Obligations under finance leases 36 55 - -Amounts owed to subsidiary undertakings - - 2,500 -Other creditors 304 359 - -19,521 21,877 2,500 -(a) Included within other creditors is an amount of £243,000, repayable by instalments at £50,000 per annum. Interest is chargeable on a quarterly rate at 5% per annum.(b) The Group has granted fixed charges on the properties held for sale and investment property. The Group has loans outstanding as at 31 December 2003 amounting to £17.4m (2002 - £18.4m).63