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)18. Operating Lease ObligationsObligations payable after balance date on non-cancellable operating leases as follows:Group31 Jan 2004 31 July 2003 31 Dec 2002$000 $000 $000Not Later than One Year 21,890 19,865 19,149Later than one year and not later than two years 16,910 16,486 16,459Later than two years and not later than five years 20,651 20,509 25,518Later than five years 1,094 1,606 2,48460,545 58,466 63,61019. Related Party TransactionsThe Group has entered into certain transactions in the form of recharging of expenses and overheads with itssubsidiaries. Details of the identity of subsidiaries are disclosed in Note 13 – Investments in subsidiaries.The Group has paid management fees of $53,270 (2003: $54,211, 2002: $36,036) to Emery Hill Limited which isowned by a Director. These were made on normal commercial terms and there are no outstanding balancesat period end.The Group has paid rent to One Fine Day Limited of $28,380 (2003: $33,110, 2002: $56,760). One Fine Day isowned equally by three shareholders (Kezza Family Trust, Simdec Trust and The Opito Family Trust) ofPumpkin Patch Limited.These were made on normal commercial terms and there are no outstanding balancesat period end.The Group has made purchases from Espies Shopfitters Limited of $1,071,700. Espies Shopfitters is 48.75%beneficially owned by Kezza Family Trust, a shareholder of Pumpkin Patch Limited. These were made on normalcommercial terms. At period end $529,781 was outstanding.The Group has advanced funds to The Pumpkin Patch Limited Employee Share Scheme Trust. The amountoutstanding at period end is $1,199,240 (2003: $1,199,240, 2002: $1,199,240). The parent company has alsoadvanced funds to selected employees. The amount outstanding at period end is $521,500 (2003: $448,000,2002: $448,000).63