77 Finsbury Food Group Annual Report & Accounts 2016


 (continued) Reconciliation of Balance Sheet Movements


29 June 2014 Note


Fixed assets Investments Deferred tax


Current assets Deferred consideration Debtors


Cash and cash equivalents  amounts falling due within one year Net current assets Total assets less current liabilities amounts falling due after more than one year Net assets


Capital and reserves Called up share capital Share premium account Capital redemption reserve Retained earnings Shareholders’ funds


Notes to transition table:


  of the Company’s interest rate swaps, forward foreign currency contracts and share options.


(ii) The adjustment to creditors is the recognition of the fair value of the interest rate swaps and forward foreign currency contracts. To mitigate the impact interest rate movements, the Company has two interest rate swaps in place with a total coverage of £9.0 million (2015: £14.0 million) equivalent to 78% (2015: 82%) of year end net bank debt at a weighted average rate of 1.8% (2015: 2.5%).   


29 June 2014


Interest rate swaps, net of deferred tax  Deferred tax on share options 


(310) (170) 151


(329) 27 June 2015


(287) (48)


393 58


(ii)


UK GAAP £000


to FRS 101 £000


 transition


FRS 101 £000


UK GAAP £000


27 June 2015


to FRS 101 £000


 transition


FRS 101 £000


(i)


61,587 362


61,949


3,000 3,039 3,582 9,621


(3,766) 5,855 67,804 (3,140) 64,664 669


31,480 578


(iii)


31,937 64,664


271 271


- 61,587 633


62,220


- - - -


(600) (600) (329) - (329) -


(329) (329)


3,000 3,039 3,582 9,621


(4,366) 5,255 67,475 (3,140) 64,335 669


- 31,480 -


578


31,608 64,335


100,629 365


100,994 -


22,815 2,498


25,313 (14,433) 10,880 111,874 (11,556) 100,318 1,280


64,952 578


33,508 100,318


476 476


- 100,629 841


101,470


- - - -


(418) (418) 58 - 58


- - -


58 58


-


22,815 2,498


25,313 (14,851) 10,462 111,932 (11,556) 100,376 1,280


64,952 578


33,566 100,376


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