Peachtree 2009 Annual Report Download - page 11

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Stron
g
balance sheet
•Net debt/EBITDA: 1.3x
g
Balance sheet
Sept
Sept
–Covenant <3.0x EBITDA
•PBIT/Interest: 21.3x
Balance
sheet
£m
Sept
2008
Sept
2009
Goodwill and intangibles 2,049.2 2,246.8
–Covenant >4.0x
•£815m committed bank facilities
Property, plant and equipment 140.5 144.5
Net deferred tax (21.6) (33.7)
Net working capital
47 8
46 6
–
Part renewed in the yea
r
–Matures in 2011
•
Strong working capital control
Net
working
capital
47
.
8
46
.
6
Deferred income (352.2) (391.1)
Current tax liabilities (69.2) (62.1)
Strong
working
capital
control
Retirement benefit obligations (3.9) (11.8)
Acquisition deferred
consideration
(2.6) (2.3)
1,788.0 1,936.9
Net debt (541.0) (439.4)
Net assets 1
,
247.0 1
,
497.5
11
,
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