Annual Report and Accounts 2006 - DCC plc
Annual Report and Accounts 2006 - DCC plc
Annual Report and Accounts 2006 - DCC plc
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notes to the financial statements8926. Movement in working capital - continuedTrade Trade<strong>and</strong> other <strong>and</strong> otherreceivables payables TotalCompany €’000 €’000 €’000Year ended 31 March <strong>2006</strong>At 1 April 2005 277,799 (234,178) 43,621Increase/(decrease) in working capital (14,612) 11,106 (3,506)At 31 March <strong>2006</strong> 263,187 (223,072) 40,115Year ended 31 March 2005At 1 April 2004 291,088 (201,495) 89,593Other 1,131 - 1,131Increase/(decrease) in working capital (14,420) (32,683) (47,103)At 31 March 2005 277,799 (234,178) 43,62127. Cash <strong>and</strong> cash equivalents<strong>2006</strong> 2005Group €’000 €’000Cash at bank <strong>and</strong> in h<strong>and</strong> 105,955 119,495Short-term bank deposits 239,325 233,809345,280 353,304Cash at bank earns interest at floating rates based on daily bank deposit rates. The short-term deposits are for periods upto three months <strong>and</strong> earn interest at the respective short-term deposit rates.Cash <strong>and</strong> cash equivalents include the following for the purposes of the Group Cash Flow Statement:<strong>2006</strong> 2005€’000 €’000Cash <strong>and</strong> short-term bank deposits 345,280 353,304Bank overdrafts (25,362) (38,907)319,918 314,397Bank overdrafts are included within current borrowings (note 29) in the Group Balance Sheet.<strong>2006</strong> 2005Company €’000 €’000Cash at bank <strong>and</strong> in h<strong>and</strong> 157 248
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