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Notes to the Financial Statements
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36 16. CASH AND CASH EQUIVALENTS 31 Dec 31 Dec 2008 2007 d000’s c000’s Cash and cash equivalents Bank balances 4,074 15,859 Treasury deposits held with banks 14,760 18,834 15,859 Held in the following institutions: Barclays Bank 17,185 14,090 Bank of Valletta (Malta) 1,000 1,256 Other 649 513 18,834 15,859 Held in the following currencies (in euro equivalents at the balance sheet date): Euro 18,651 15,773 US Dollars 22 63 British Pounds 147 9 Other 14 14 18,834 15,859 Comprising: Own funds 17,502 15,232 Customer balances 997 547 Funds held in escrow representing withholding tax for founder shareholders 335 80 18,834 15,859 Amount per share represented by own funds d0.562 c0.489 17. TRADE AND OTHER PAYABLES 31 Dec 31 Dec 2008 2007 d000’s c000’s Balances with customers 997 547 Other trade payables 1,254 991 Total trade payables 2,251 1,538 Accruals 2,891 2,786 Other creditors: balances due to founder shareholder in respect of withholding taxes recovered 335 80 5,477 4,404 With-holding taxes held in escrow represent the liability to founder shareholders in relation to the recovery of withholding taxes from the Luxembourg fiscal authorities. It was paid on to the founder shareholders in January 2009. The fair value of open bets at either period end is not material.