PHONOGRAPHIC PERFORMANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2009


9. TANGIBLE ASSETS Fixtures,


Fittings and Office


Equipment £'000


Cost Balance at start of year Additions Disposals


Balance at end of year


Accumulated Depreciation Balance at start of year Charge for the year Disposals


Balance at end of year


Net Book Value at end of year


Net Book Value at start of year


427 356 (43) 740


178 168 (43) 303


437 249 Computer


Equipment and Software


Developments £'000


10,208 4,009 (95)


14,122


7,464 982 (95)


8,351 5,771 2,744


10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31 December 2009


£'000 Trade creditors


Other taxation and social security Other creditors and accruals Deferred income


Amounts due to Members and Performers 596 2,951


37,537 30,571 50,696


122,351


Total £'000


10,635 4,365 (138)


14,862


7,642 1,150 (138) 8,654


6,208 2,993


31 December 2008 £'000


334


2,921 9,272


30,112 73,441


116,080


The distributions to Members and Performers cannot be separately identified until the usage returns in respect of that period have been received and matched against the repertoire database. This reflects the Distribution rules driven by the Council Directive No 92/100/EEC of 19 November 1992 ("The Rental Directive") introduced in the UK with effect from 1 December 1996.


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