54
AVESCO GROUP PLC ANNUAL REPORT 2011
www.avesco.com
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2011
The carrying value of trade and other receivables are denominated in the following currencies: Group 2011
Sterling Euros
US Dollar Other currencies
£000s 9,637
2,093 10,605 1,437
23,772
2010 £000
10,836 3,759 3,082 1,955
19,632 Company 2011
£000s 38,344
- - -
38,344 2010
£000s 35,990
- - -
35,990
The maximum exposure to credit risk at the reporting date is the fair value of each class of financial asset mentioned above. The Group does not hold any collateral as security.
21. Inventories 2011 Group Consumables Work in progress
£000s 1,136
371 1,507
The cost of inventories recognised as an expense and included in ‘cost of sales’ amounted to £365,000 (2010: £244,000). There were no inventories in the Company (2010: nil). There were no write downs or reversal of write downs of inventories during the current or prior period.
22. Cash and cash equivalents Group 2011 Cash at bank and on hand
£000s 7,501
Cash, cash equivalents and bank overdrafts include the following for the purposes of the cash flow statement: Group 2011
Cash and cash equivalents Bank overdrafts
£000s 7,501
7,501 2010
£000s 6,896
Company 2011
£000s -
-- (3,805) 6,896
(3,805) 2010
£000s 21
- 21 2010
£000s 6,896
2011
£000s -
Company 2010
£000s 21
2010
£000s 957
428 1,385
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