73 Finsbury Food Group Annual Report & Accounts 2019
Notes to the Consolidated Financial Statements
15. Inventories
2019 £000
Raw materials and consumables Finished goods
Inventories Recognised as an Expense
2019 £000
Opening inventories Acquired Purchases
Increase/(decrease) in stock provisions Closing inventories
Expensed during the period 16. Trade and Other Receivables
2019 £000
Trade receivables due from third parties Other debtors
Prepayments and accrued income Current tax asset
There was no impact as a result of applying the ECL (expected credit loss) methodology under IFRS 9. 17. Cash and Cash Equivalents Including Bank Overdrafts
2019 £000
Cash at bank and on hand Bank overdraft
18. Other Interest-bearing Loans and Borrowings
This Note provides information about the contractual terms and repayment terms of the Group’s interest-bearing loans and borrowings, which are measured at amortised cost, using the effective interest rate method. 2019
Margin
Revolving credit Finance Lease
Unamortised transaction costs Restated 2018 Revolving credit Unamortised transaction costs Margin 1.30%/LIBOR
Frequency of repayments
Varies
Year of maturity
2023
Facility £000
45,000
1.50%/LIBOR Various
Frequency of repayments
Varies Monthly
Year of maturity
2023 2023
Facility £000
55,000 828
Drawn £000
47,144 828
(247) 47,725
Drawn £000
25,000 (315)
24,685
Current £000
-
335 -
335
Current £000
- - -
In the prior year accounts, the Revolving Credit facility and unamortised transaction costs of £24,685,000 were disclosed as “Current”. Refer to “Presentation of Financial Statements – Basis of Preparation” on page 54 for more detail.
29,462
(17,104) 12,358
2018 £000
22,610
(13,247) 9,363
45,207 2,577 1,940 -
49,724
2018 £000
39,967 1,807 2,282 519
44,575
13,456 1,200
135,153 292
(14,805) 135,296
2018 £000
12,684 -
138,570 16
(13,456) 137,814
6,302 8,503
14,805
2018 £000
5,555 7,901
13,456
Non-current £000
47,144 493
(247) 47,390
Non-current £000
25,000 (315)
24,685
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