Notes to the Financial Statements

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Notes to the Financial Statements31 December 2006 continued13. Cash and cash equivalentsGroupCompany2006 2005 2006 2005$’000 $’000 $’000 $’000RR denominated cash and cash equivalents 9,202 3,152 – –Other currency balances with banks 246 3,361 242 3,3209,448 6,513 242 3,320There are no restrictions on the cash balances held.Cash and bank overdrafts include the following for the purposes of the cash flow statement:GroupCompany2006 2005 2006 2005$’000 $’000 $’000 $’000Cash 9,448 6,513 242 3,320Bank overdrafts (note 14) – (367) – –9,448 6,146 242 3,32014. BorrowingsShort-term borrowings:2006 2005$’000 $’000Bank overdrafts (note 13) – 367Bank borrowings – 1,737Long-term borrowings:– 2,104Bank borrowings – 708The interest rates at the balance sheet date were as follows:382006 2005Rate Amount Rate Amount$’000 $’000Bank overdrafts – – 10.5% 367Bank borrowings – – 11.0% 347Bank borrowings – – 15.0% 2,098– 2,812ZiRAX Annual Report & Accounts 2006
Notes to the Financial Statements31 December 2006 continued14. Borrowings continuedThe maturity of long-term borrowings is as follows:2006 2005$’000 $’000Between 1 and 2 years – 708All borrowings were in Russian Roubles.15. Trade and other payablesGroupCompany2006 2005 2006 2005$’000 $’000 $’000 $’000Trade payables 640 1,747 49 611Amounts due to related parties (note 22) 105 155 – –Other payables and accruals 1,202 604 325 2111,947 2,506 374 82216. Current tax liabilitiesGroupCompany2006 2005 2006 2005$’000 $’000 $’000 $’000Income tax 3 – – –Value added tax 14 335 – –Property and other taxes 110 64 32 5127 399 32 5Value added tax of $14,000 as at 31 December 2006 (2005: $335,000) is payable to taxauthorities when payments are received from customers or if relevant receivable balances arewritten off.17. Share capitalGroup and Company39Authorised:2006 2005$’000 $’000500,000,000 ordinary shares of 1p each 8,602 8,602Issued and fully paid:172,321,429 ordinary shares of 1p each 2,965 2,965ZiRAX Annual Report & Accounts 2006
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Page 10 and 11: Strong all round performancefrom a
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Page 21 and 22: Balance SheetsAt 31 December 2006No
Page 23 and 24: Consolidated Statement of Sharehold
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Notes to the Financial Statements

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