AnnuAl RepoRt And Accounts - Mobile Tornado

Notes to the Company financial statementsprepared under UK GAAPFor the year ended 31 December 20115 Debtors2011 2010£’000 £’000Trade receivables 1,129 466Trade receivables – net 1,129 466Other debtors and prepayments 207 127Deferred cost of sales — 7Amounts owed by Group undertakings 73 1651,409 7656 Creditors — amounts falling due within one year2011 2010£’000 £’000Trade creditors and accruals 2,756 1,437Other taxation and social security 4 9610% cumulative preference shares 610 3,000Other creditors 32 8Deferred income 2,267 2,266Loans 1,515 865Deferred consideration 3,074 3,14610,258 10,818Less non-current portion:Deferred consideration (2,923) (2,754)10% cumulative preference shares (343) –Loans (1,515) (865)5,477 7,1997 Share capital2011 2010£’000 £’000Authorised475,000,000 (2010: 475,000,000) Ordinary shares of 2p each 9,500 9,500Total 9,500 9,5002011 2010£’000 £’000Allotted, called up and fully paid184,953,708 (2010: 184,953,708) Ordinary shares of 2p each 3,699 3,699Total 3,699 3,699Non-voting preference sharesNumber ofshares Value’000 £’000As at 31 December 2010 and 2011 37,500 3,000Following the change of rights attaching to the preference shares on 31 December 2010, theshares are deemed to be compound financial instruments, with the debt component calculatedto be £610,000 (£343,000 due after more than one year) and the £2,390,000 balancereclassified as equity.Page 36