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Annual Repor t and Financial Statements 2009 NOTES TO ThE FINaNCIal STaTEmENTS (CONTINuED) 11. STOCKS 2009 €000 Rolling stock, spare parts and maintenance materials 20, 9 17,806 Infrastructure stocks 2 ,9 17,671 Fuel, lubricants and other sundry stocks ,1 9 10,850 These amounts include parts and components necessarily held to meet long-term operational requirements. 12. DEBTORS 2008 €000 , 1 46,327 2009 €000 Trade debtors 1 , 2 12,288 Amounts owed by holding and fellow subsidiary companies ,2 81,515 EU grants receivable 1, 19 72,639 Other debtors and accrued income , 2 5,645 1 . CREDITORS (amounts falling due within one year) 2008 €000 122, 1 172,087 2009 €000 Bank overdraft ,2 16,941 Trade creditors 9 , 0 110,098 Finance lease obligations (note 15) , 4,897 Income tax deducted under PAYE , 0 3,900 Pay related social insurance , 3,009 Value added tax and other taxes 9,90 14,047 Other creditors 1 , 13,341 Accruals ,9 0 5,489 Restructuring provision (note 16) 1 , 20,722 Third party and employer’s liability claims (note 16) 2,19 4,110 Deferred income (note 17) 99,01 81,094 2008 €000 2 ,22 277,648 Creditors for taxation and social welfare included above 1 ,0 20,956
Annual Repor t and Financial Statements 2009 9 NOTES TO ThE FINaNCIal STaTEmENTS (CONTINuED) 1 . CREDITORS (amounts falling due after more than one year) 2009 €000 Finance lease obligations (note 15) 20,21 24,063 Loan from Holding Company 99,0 0 165,066 2008 €000 119,2 189,129 This loan represents the net assets less issued share capital assigned to the company on its establishment following the re-organisation of Córas Iompair Éireann in 1987. Each year the amount outstanding is aged by reference to the bank loans held and managed by Córas Iompair Éireann on behalf of the operating companies. The presentation of the maturity analysis of loans and other debt above complies with the provisions of FRS25 Capital Instruments. The standard requires that the maturity of debt should be determined by reference to the earliest date on which the lender can require repayment. With the agreement of the CIÉ Board, 52 million shares were issued to CIÉ in return for the proportion of the intercompany loan corresponding to the value of the shares (€66m). More details are available in the Operations Review. 1 . LEASE OBLIGATIONS (A) Finance leases Net obligations under finance leases fall due as follows: 2009 €000 Within one year (note 13) , 4,897 Between one and five years (note 14) 1 ,919 16,873 After five years (note 14) 2,29 7,190 (B) Operating leases Commitments under non-cancellable operating leases payable, expire as follows:- 2008 €000 20,21 24,063 2 ,0 2 28,960 Within one year 1, 0 2,476 Between one and five years 1, 1 2,375 ,0 4,851
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English - Irish Rail

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