Carphone Warehouse 2006 Annual Report Download - page 67

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24 Analysis of changes in net debt
Adoption of IAS32 Exchange Non-cash
At 2 April 2005 and IAS39 Cash flows differences movements At 1 April 2006
£’000 £’000 £’000 £’000 £’000 £’000
Cash and cash equivalents 41,576 – 56,357 160 – 98,093
Bank overdrafts (22,224) – 1,105 (17) – (21,136)
19,352 – 57,462 143 – 76,957
Current loans and other borrowings (49,770) – 14,174 (1) – (35,597)
Non-current loans and other borrowings (98,494) – (211,799) (9,761) – (320,054)
(148,264) – (197,625) (9,762) – (355,651)
Current asset investments 60,468 1,978 (56,619) – (594) 5,233
Total (68,444) 1,978 (196,782) (9,619) (594) (273,461)
Exchange
At 28 March 2004 Cash flows differences At 2 April 2005
£’000 £’000 £’000 £’000
Cash and cash equivalents 72,813 (31,525) 288 41,576
Bank overdrafts (1,175) (21,021) (28) (22,224)
71,638 (52,546) 260 19,352
Current loans and other borrowings (15,099) (34,668) (3) (49,770)
Non-current loans and other borrowings (107,916) 11,802 (2,380) (98,494)
(123,015) (22,866) (2,383) (148,264)
Current asset investments 10,805 49,663 – 60,468
Total (40,572) (25,749) (2,123) (68,444)
Details of cash flows associated with acquisitions during the period are provided in note 14.
25 Commitments under operating leases
The Group leases retail units and offices under non-cancellable operating leases. The leases have varying terms, purchase options, escalation clauses and
renewal rights.
Future minimum rentals payable under non-cancellable operating leases as at 1 April 2006 are as follows:
2006 2005
£’000 £’000
Operating leases which expire:
Within one year 74,636 60,857
In two to five years 228,965 212,338
After five years 234,369 216,771
537,970 489,966
The Group has some leases that include revenue related rental payments that are contingent on store performance. The analysis above includes only the minimum
rental commitment.
26 Capital commitments
2006 2005
£’000 £’000
Expenditure contracted, but not provided for in the financial statements 20,189 10,371
Notes to the Financial Statements continued www.cpwplc.com 63
Financial Statements