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

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PUMPKIN PATCH LIMITED & SUBSIDIARIESNOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFOR THE 12 MONTHS ENDED 31 JULY 2004 (CONTINUED)Parent Company Repricing Maturities 2003Effective < 6 6-12 1-2 2-5 > 5 TotalInterest Months Months Years Years YearsRates $000 $000 $000 $000 $000 $000LiabilitiesBank overdraft 7.10% 40 - - - - 40Term liabilities 7.50% - 1,705 85 - - 1,790Total Liabilities 40 1,705 85 - - 1,830Repricing Gap 40 1,705 85 - - 1,8304. Concentration of Credit RiskIn the normal course of business, the Group incurs credit risk from trade debtors and transactions withfinancial institutions. The Group has a credit policy which is used to manage this risk.The Group has no significant concentrations of credit risk. The Group does not require any collateral orsecurity to support financial instruments due to the quality of financial institutions and trade debtorsdealt with.(b)Fair ValuesThe estimated fair values of the Group’s financial assets and liabilities which differ from the carryingvalues are noted below:31 July 2004 31 July 2003Carrying Fair Carrying FairValue Value Value Value$000 $000 $000 $000Assets<strong>Investment</strong>s 4 4 4 4UnrecognisedForeign exchange contracts - 1,712 - (1,369)The Group anticipates that Term Liabilities will be held to maturity and that settlement at fair valueis unlikely.53
PUMPKIN PATCH LIMITED & SUBSIDIARIESNOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFOR THE 12 MONTHS ENDED 31 JULY 2004 (CONTINUED)The following methods and assumptions were used to estimate the fair values for each class offinancial instrument.Trade Debtors, Trade Creditors and Bank OverdraftThe carrying value of these items is equivalent to their fair value and therefore they are excluded fromthe table shown above.<strong>Investment</strong>sThe fair value of listed investments is estimated based on quoted market prices at balance date.The fair value of unlisted investments is estimated to be the net asset backing, as there are no quotedmarket prices available.Term LiabilitiesThe fair value of the Group’s term liabilities is estimated based on current market rates available tothe Group for debt of similar maturity.Foreign Exchange ContractsThe fair value of these instruments is estimated based on the quoted market price of these instruments.Guarantees and Overdraft FacilitiesThe fair value of these instruments is estimated on the basis that management do not expectsettlement at face value to arise. The carrying value and fair value of these instruments is nil.54
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The annual meeting of shareholders
Page 8 and 9: Store NumbersSales Composition12010
Page 11 and 12: managing director’s reportOur yea
Page 13 and 14: fashion created for kidsUnited King
Page 16 and 17: directorsGreg MuirExecutive Chairma
Page 19 and 20: senior managementLyn BryantGeneral
Page 22 and 23: corporate governanceThe Board of Di
Page 24: External auditor independenceTo ens
Page 27 and 28: Pre-listing employee share scheme r
Page 29 and 30: Disclosure of Interests by director
Page 32 and 33: group financial statementsPUMPKIN P
Page 34 and 35: PUMPKIN PATCH LIMITED & SUBSIDIARIE
Page 38 and 39: Share Schemes and Employee Ownershi
Page 40 and 41: Forward exchange contracts entered
Page 65 and 66: shareholder informationfor the year
Page 68: corporate directoryRegistered Offic
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1086 AnnRep-Investment S04-3 - Pumpkin Patch investor relations

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