1996 Annual report PDF 36.77MB - Cairn Energy PLC

Notes to the Accounts (continuedFor the year ended 31 December 199616 Net Funds/(Debt)a) Analysis of Net Funds/(Debt)17 Creditors - Amounts Falling Due Wihin One Yearw3-Cash at bank 3,490 (1,111) 135) 2,344Cash on deposn - 57.190 5.986 - ein 62,961Debt due after ane year (25,5281 - 7,542 2,876 (15,110)DBbt due within one year 15,9971 6.024 18.663) (7,542) 1,919 (14.m)Lmn stock - (70.M) - 70,086Current insidmsnt due on secured bank bansCurrent insidment on 8% convettiffle debenturesTrade aedimmwms avea to shso~w "ndenaangsmwm ow to mwe corno~lsory oq-m d suosmlary 1.483OVvr taxes ana ma secuny 794b) Reconciliation of net cash flow to movement in net funds/(&bt)lop6 1885FOm PmO(Dgxeaseyincrease in cash in me year (1,111) @39Cash infiow from drawdown of debt financing (6,402) 113.734)Cash wflow fmm repayment of dabt finanang 12,426 21,078Cash mwement arising from irXXBBSB/(decrease) in liquid resources' 57,190 114,058)Cash infiow from issue d loan stock60.we)Chaw in net debt resuRing from cash Rows 6.983) (5.875)CawsTSOn of loan stock into shares 70,086Loans acqrired wim subsvHary (8.663) 132.689)Eepxits acquired with subsidiary 5,986exchangem movements 4,545 (264)Mowment in net funddldebt) in the year 63,971 138.828)18 Creditors - Amounts Falling Due After More Than One Yearw QwCmmCcnp,3- 1995 1% 1995rmO rm m E.WSecured bank loans8% mnvemt4e debenturesOVvr credim19 Loansa) Amounts due at 31 December are repayable as followsNet (debtb'hnds at 1 Januw 128.0351 10.793Net fundr/(d&ll at 31 December 35,936 128.035)Shwl term dewsits of less Uwn one year are dsclosed as lquid resources.Wihin one year