Carphone Warehouse 2012 Annual Report Download - page 87

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Carphone Warehouse Group plc Annual Report 2012 83
5 Debtors: due within one year
2012 2011
£m £m
Amounts owed by Group undertakings 15.8 7.5
Loans to joint ventures 24.3 35.7
Deferred tax asset 1.1 1.4
Other debtors 5.2 1.6
46.4 46.2
Amounts owed by Group undertakings are repayable within 12 months of the balance sheet date.
Other debtors include loans of £4.0m (2011: nil) to members of senior management relating to the TalkTalk VES. In certain circumstances
these loans would be repayable within one year and for this reason they are included within current assets. In certain other circumstances
they would be repayable in more than one year.
6 Creditors: amounts falling due within one year
2012 2011
£m £m
Amounts owed to Group undertakings 0.9 1.2
Other creditors 0.9 2.4
Accruals and deferred income 11.0 7.3
12.8 10.9
7 Provisions
2012 2011
£m £m
Opening balance 13.2 —
Transferred from Old Carphone Warehouse —13.5
Charge to the profit and loss account —0.1
Released in the period (4.3) (0.4)
Closing balance 8.9 13.2
Provisions relate principally to warranties provided in relation to the Best Buy Europe Joint Venture Transaction.
8 Financial instruments
The Company has applied the exemption under FRS 25 ‘Financial Instruments: Presentation’ not to disclose details of financial instruments
held by the Company. Full disclosure of the Group’s financial instruments under FRS 29 (IFRS 7) ‘Financial Instruments: Disclosures’
andIAS 39 ‘Financial Instruments: Recognition and Measurement’ is provided in note 17 to the Group financial statements.
The Company has provided guarantees to third party suppliers of Virgin Mobile France, alongside the other shareholders of the business.
The Company’s maximum potential exposure on these guarantees is £19.8m (2011: £21.0m).
Overview Business review Governance Financial statements