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notes to the financial Statements
for the year ended 31 March 2012
11. Current tax asset / (liability)
Group
Parent
2012
2011
2012
2011
$’000
$’000
$’000
$’000
Opening balance
497
367
608
383
Tax payments and tax credits received
2,155
1,782
2,155
1,788
Current tax expense for the year
(2,932)
(1,652)
(2,873)
(1,563)
(280)
497
(110)
608
12. Dividends
Amounts recognised as distributions to equity holders in the period:
Group
Parent
2012
2011
2012
2011
$’000
$’000
$’000
$’000
Dividends paid during the year
3,560
3,250
3,560
3,250
Dividends of $3.56m (2011: $3.25m), being $0.27 per share, were paid to equity holders during the year.
13. Cash and cash equivalents
Group
Parent
2012
2011
2012
2011
$’000
$’000
$’000
$’000
Cash and cash equivalents
654
808
476
577
Bank balances and cash comprise: cash held by the Group and short-term bank deposits with an original
maturity of three months or less. The carrying amount of these assets equates to their fair value.
14. Trade and other receivables
Group
Parent
2012
2011
2012
2011
$’000
$’000
$’000
$’000
Trade debtors
2,721
1,666
1,868
1,194
Less impairment loss recognised on receivables
(452)
(521)
(442)
(495)
Sundry debtors
361
444
201
277
Prepayments
239
239
231
209
2,869
1,828
1,858
1,185
No interest is charged on trade receivables for most customers.
The Directors consider that the carrying amount of trade and other receivables approximates their fair value
because all amounts are due within one month and there are no amounts where settlement thereof is greater
than one year.
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