ANNUAL REPORT 2011 AVESCO GROUP PLC
www.avesco.com
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32. Reconciliation of net debt 2011 Group
Change in cash in the year Repayment of bank loans
Repayment of hire purchase obligations New hire purchase obligations
Changes in net debt arising from cash flows Currency translation differences
Change in net debt Opening net debt
Closing net debt
£000s 647
2,401 7,599 (8,901)
1,746 (160)
1,586
(13,725) (12,139)
2011 Company
Change in net cash in the year Repayment of bank loans
Change in net debt Opening net debt
Closing net debt
£000s (3,826)
2,400 (1,426)
(7,229) (8,655)
2010
£000s 3,164
1,256 6,844 (3,838)
7,426 (89)
7,337
(21,062) (13,725)
2010
£000s (5,895)
1,100
(4,795) (2,434)
(7,229)
33. Financial instruments Financial instruments by category The accounting policies for financial instruments have been applied to the line items below:
Group Assets as per balance sheet
Loans and receivables Trade and other receivables Cash and cash equivalents
2011 £000s
17,328 7,501
24,829 2010 £000s
14,554 6,896
21,450
Group Liabilities as per balance sheet
At amortised cost Borrowings and loans Trade and other payables
2011 £000s
19,640 31,178
50,818
2010 £000s
20,621 22,369
42,990
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