GPG Report & Accounts 2003 - Guinness Peat Group plc

36 • GUINNESS PEAT GROUP PLC • ANNUAL REPORTNotes to Financial Statements – continued18. Debtors - continuedThe movements in the deferred tax asset during the year were as follows:GroupCompany£000 £000At 1 January 2003 11,805 8,943Currency translation differences 326 –Acquisition of subsidiaries (note 32) 857 –Charged to the profit and loss account (9,351) (7,812)AT 31 DECEMBER 2003 3,637 1,13119. Current Asset InvestmentsGroupCompanyYear ended 31 December 2003 2002 2003 2002£000 £000 £000 £000Listed investments 17,253 18,769 – –Unlisted investments 173 18,105 – –17,426 36,874 – –The market value of the Group’s listed current asset investments is £18,225,000 (2002: £23,731,000). These investments are allquoted on recognised stock exchanges. Unlisted investments substantially comprise short-term interest-bearing instruments.20. Trade and Other CreditorsGroupCompanyYear ended 31 December 2003 2002 2003 2002£000 £000 £000 £000AMOUNTS FALLING DUE WITHIN ONE YEARTrade creditors 51,796 38,444 – 1,742Corporate taxes 6,901 3,876 – –Other tax and social security payable 7,775 6,555 – 138Payments received on account 20,225 25,632 – –Other creditors 9,060 14,756 – 39Accruals and deferred income 21,244 18,548 180 587Employee entitlements 2,993 2,101 – –Dividends payable 6,892 6,219 6,892 6,219126,886 116,131 7,072 8,725AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAROther creditors 1,164 41 – –Employee entitlements 424 265 – –1,588 306 – –21. Convertible Subordinated Loan Notes (“CLNs”)GroupCompanyYear ended 31 December 2003 2002 2003 2002£000 £000 £000 £000CLNs repayable within one year 5,963 3,863 – –CLNs repayable between one and two years 5,964 3,863 – –CLNs repayable between two and five years – 3,862 – –11,927 11,588 – –