annual report 2007 - the Admiral Group plc

ADMIRAL GROUP plc 8121. Cash and cash equivalents31 December200731 December2006£000 £000Cash at bank and in hand 150,902 164,989Cash on short term deposit 4,871 26,253Total cash and cash equivalents 155,773 191,242Cash and cash equivalents includes cash in hand, deposits held at call with banks, and othershort-term deposits with original maturities of three months or less.22. Trade and other payablesFinancial statements 43 - 9431 December200731 December2006£000 £000Trade payables 5,960 4,601Amounts owed to co-insurers and reinsurers 134,659 124,238Finance leases due within 12 months 345 1,337Finance leases due after 12 months 4 61Other taxation and social security liabilities 8,557 4,742Other payables 15,545 13,708Accruals and deferred income (see below) 74,523 66,450Total trade and other payables 239,593 215,137Analysis of accruals and deferred income:31 December200731 December2006£000 £000Premium receivable in advance of policy inception 38,477 31,772Accrued expenses 26,948 25,456Deferred income 9,098 9,222Total accruals and deferred income as above 74,523 66,450