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CARPHONE WAREHOUSE GROUP PLC ANNUAL REPORT 201382
NOTES TO THE COMPANY FINANCIAL STATEMENTS continued
5 DEBTORS: DUE WITHIN ONE YEAR
2013 2012
£m £m
Amounts owed by Group undertakings 3.8 15.8
Loans to joint ventures 20.5 24.3
Deferred tax asset 1.0 1.1
Other debtors 0.8 5.2
26.1 46.4
Amounts owed by Group undertakings are repayable within 12 months of the balance sheet date.
Other debtors at 31 March 2012 include loans of £4.0m to members of senior management relating to the TalkTalk VES. These loans,
including accrued interest, were repaid during the year.
6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2013 2012
£m £m
Amounts owed to Group undertakings 1.0 0.9
Other creditors 0.5 0.9
Accruals and deferred income 20.2 11.0
21.7 12.8
7 PROVISIONS
2013 2012
£m £m
Opening balance 8.9 13.2
Released in the period (2.5) (4.3)
Closing balance 6.4 8.9
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 £1.2m (2012: £19.8m).
9 SHARE CAPITAL, RESERVES AND ACCUMULATED PROFITS
2013 2012 2013 2012
million million £m £m
Allotted, called-up and fully paid ordinary shares of 0.1p each 472.8 472.8 0.5 0.5
B shares – redeemable preference shares of 172p each —19.2 —32.9
Deferred shares of 0.01p each —129.7 ——