prospectus for - Pumpkin Patch investor relations

PUMPKIN PATCH LIMITED & SUBSIDIARIESNOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFOR THE 6 MONTHS ENDED 31 JANUARY 2004 (CONTINUED)14. Other InvestmentsInvestments are stated at quoted market value and comprise:Group31 Jan 2004 31 July 2003 31 Dec 2002$000 $000 $000Quoted Market Value 4 4 315. Deferred TaxationGroup31 Jan 2004 31 July 2003 31 Dec 2002$000 $000 $000Deferred taxation opening 446 (402) 570Prior Period adjustment - 87 (89)For the period 299 761 (883)Deferred Taxation Closing 745 446 (402)16. Contingent LiabilitiesGroupThe Company has guaranteed, together with subsidiary companies, the indebtedness of Pumpkin Patch Limited andsubsidiaries at 31 January 2004, together with, in all cases, interest thereon under a deed of guarantee dated 18 April 1996. Thedeed with the ANZ Banking Group (NZ) Limited and Australia and New Zealand Banking Group Limited provides for theconstitution and issue of securities in respect of indebtedness from time to time of Pumpkin Patch and/or any guaranteeingsubsidiary. At 31 January 2004 the total indebtedness guaranteed by the deed amounted to $29,689,745 (2003: $32,202,508,2002: $35,002,526). The repayment terms are by instalment and are due over more than three years.Other guarantees held by the ANZ Banking Group include rent guarantees to certain landlords amounting to $1,129,362 (2003:$1,030,390, 2002: $917,212) and rent guarantees provided to the landlords of a subsidiary, Pumpkin Patch Limited (UK),amounting to $1,216,646 (2003: $1,250,442, 2002: $1,377,054).The amount of outstanding liabilities under Letters of Credit at 31 January 2004 amounted to $377 (2003: $34,421, 2002:$444,098).17. Capital Expenditure CommitmentsThe Group has commitments for future capital expenditure at 31 January 2004 amounting to $1,188,500 (2003: $418,000, 2002:$20,500).62