Page 71 - DWF Annual Report 2017

Notes to the Financial Statements

Year ended 30 April 2017 (continued)

14. CREDITORS: AMOUNTS FALLING DUE AFTER
LLP
LLP
ONE YEAR Group Group 2017 2016
2017
2016
£’000 £’000 £’000 £’000
Bank loans 40,192 40,324 39,944 40,324
Net obligations under finance leases and hire purchase obligations - 139 - 139
Accruals and deferred income 8,905 10,342 8,835 10,342

49,097 50,805 48,779 50,805

15. BORROWINGS ARE REPAYABLE AS FOLLOWS Group Group LLP LLP
2017 2016 2017 2016
£’000 £’000 £’000 £’000
Bank loans
Between one and two years 40,192 - 39,944 -
Between two and five years - 40,324 - 40,324

After five years - - - -
40,192 40,324 39,944 40,324
Overdraft due within one year 555 - 137 -
On demand or within one year 551 433 293 433
Total bank loans 41,298 40,757 40,374 40,757
Finance leases
Between one and two years - 139 - 139

Between two and five years - - - -
After five years - - - -
- 139 - 139
On demand or within one year 158 463 158 463
Total finance leases 158 602 158 602
Total borrowings including finance leases
Between one and two years 40,192 139 39,944 139
Between two and five years - 40,324 - 40,324
After five years - - - -

40,192 40,463 39,944 40,463
On demand or within one year 1,264 896 588 896
Total borrowings including finance leases 41,456 41,359 40,532 41,359

The bank loans of DWF LLP are unsecured and repayable July 2018. Interest is payable on the three year bank loans at a variable
rate of LIBOR + 1.35% on the principal amounts.
The finance leases are secured over certain tangible fixed assets and attract interest at various rates.

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