1086 AnnRep-Investment S04-3 - Pumpkin Patch investor relations

PUMPKIN PATCH LIMITED & SUBSIDIARIESNOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFOR THE 12 MONTHS ENDED 31 JULY 2004 (CONTINUED)19. Related Party TransactionsThe parent company has entered into certain transactions in the form of recharging of expenses andoverheads with its subsidiaries. Details of the identity of subsidiaries are disclosed in Note 14 -Investments in subsidiaries.The parent company has paid management fees of $53,270 (2003 - $54,211) to Emery Hill Limited whichis owned by Stephen Sher, a non-Executive Director who retired during the period. These were made onnormal commercial terms and there are no outstanding balances at period end.The Group has paid rent to One Fine Day Limited of $56,296 (2003: $33,110). One Fine Day Limited wasowned equally by three shareholders (Kezza Family Trust, Simdec Trust and The Opito Family Trust) of theparent company. On 18 June 2004 the property rented from One Fine Day Limited was sold to TheDickens Street Partnership which is 66% owned by The Opito Family Trust, a shareholder in PumpkinPatch Limited. The Group paid rent of $8,042 to The Dickens Street Partnership (2003: nil). Thesepayments were made on normal commercial terms and there are no outstanding balances at periodend.The Group has made purchases of shop fixtures and fittings from Espies Shopfitters Limited of $2,984,717(2003: from 1 April 2003 $863,384). Since 1 April 2003 Espies Shopfitters Limited is 48.75% beneficiallyowned by Kezza Family Trust, a shareholder of Pumpkin Patch Limited. Kezza Family Trust is associatedwith Maurice Prendergast, a Director in Pumpkin Patch Limited. These were made on normalcommercial terms. At period end $321,626 was outstanding.20. Intangible AssetsGroupParent31 July 2004 31 July 2003 31 July 2004 31 July 2003$000 $000 $000 $000Patents and TrademarksPatents and trademarks at beginning of period 207 201 - -Acquisitions 54 36 - -Current period amortisation (51) (30) - -Patents and trademarks at end of period 210 207 - -Goodwill on ConsolidationGoodwill (gross) at beginning of the period - 1,538 - -Amortisation charge - (1,538) - -Unamortised balance at beginning of the period - - - -Goodwill at end of the period - - - -Total intangible assets 210 207 - -50