Peachtree 2010 Annual Report Download - page 12

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N d b /EBITDA 0 6
•
N
et
d
e
b
t
/EBITDA
:
0
.
6
x
–Covenant <3.0x EBITDA
•
PBIT/Interest: 32 7x
•
PBIT/Interest:
32
.
7x
–Covenant >4.0x
•
Debt facilities renewed in the year
Debt
facilities
renewed
in
the
year
–$300m US private placement, at a fixed
average interest rate of 4.6%
–
£357m syndicated facility
£357m
syndicated
facility
–Debt now matures 2015 through to 2017
•Stron
g
workin
g
ca
p
ital control
ggp
1
2
Balance sheet
£m
Sept
2010
Sept
2009
£m
2010
2009
Goodwill and intangible assets 2,210.2 2,246.8
Property plant and equipment
149 6
144 5
Property
,
plant
and
equipment
149
.
6
144
.
5
Net deferred income tax (29.2) (33.7)
Net working capital 30.0 46.9
Deferred income (402.7) (391.1)
Current income tax liabilities (73.7) (62.1)
Retirement benefit obligations (11.3) (11.8)
Derivative financial instruments (1.0) (0.3)
Acquisition deferred consideration
(2 7)
(2 3)
Acquisition
deferred
consideration
(2
.
7)
(2
.
3)
1,869.2 1,936.9
Net debt (219.8) (439.4)
Net assets 1,649.4 1,497.5
2