95 Finsbury Food Group Annual Report & Accounts 2018
Notes to the Company’s Financial Statements
43. Interest-bearing Loans and Borrowings
This Note provides information about the contractual terms and repayment schedule of the Company’s interest-bearing loans and borrowings, which are measured at amortised cost. For more information about the Group’s exposure to interest rate risk, see Note 21. 2018
Currency Revolving credit Unamortised transaction costs GBP Margin 1.30% Above LIBOR
Frequency of repayments
Varies
Year of maturity
45,000
Total £000
25,000 (315)
24,685 2017 Term loan
Revolving credit Mortgage
Unamortised transaction costs
Repayments are as follows: Between one and two years Between two and five years Between five and ten years Between ten and fifteen years
44. Called Up Share Capital Note 23 in the Group Financial Statements gives details of called up share capital.
45. Capital and Reserves
The reconciliation of the movement in capital and reserves is shown as a primary statement in the Company’s Financial Statements: Company Statement of Changes in Equity on page 88 with definition details in Note 22 to the Consolidated Financial Statements.
46. Contingent Liabilities The Company has guaranteed the overdrafts of its subsidiaries; there was a net cash position at the year end of £9,363,000 (2017: £3,024,000).
47. Related Party Disclosures Note 27 in the Group’s Financial Statements gives details of related party transactions.
48. Financial Risk Management The Company’s policies on the management of liquidity, credit and interest rate risks are managed at a Group level and are set out in Note 21 in the Group’s Financial Statements and also referred to in the Strategic Report.
Currency
GBP GBP GBP
Margin
2.00% 2.00% 1.75%
Above
LIBOR LIBOR LIBOR
Frequency of repayments
Quarterly Varies
Quarterly
Year of maturity
2019 2019 2022
Total £000
6,337 -
2,457 (111)
8,683
Current £000
25,000 (315)
24,685
Current £000
2,568 -
369 (54) 2,883
Non-current £000
- - -
Non-current £000
3,769 -
2,088 (57) 5,800
2,894 2,292 614 -
5,800
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