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Annual Report & Accounts 2009 - Notes
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49 15. TRADE AND OTHER PAYABLES 31 Dec 31 Dec 31 Dec 2009 2008 2007 d000's c000's c000's Balances with customers 1,615 997 547 Other trade payables 1,121 1,254 991 ----- ----- ----- Total trade payables 2,736 2,251 1,538 Accruals 3,818 2,891 2,786 Other creditors: balances due to founder shareholders in respect of withholding taxes recovered - 335 80 ----- ----- ----- 6,554 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. 16. OTHER TAXATION PAYABLE 31 Dec 31 Dec 31 Dec 2009 2008 2007 d000's c000's c000's Social security and other similar taxes 24 13 - Value added taxes - 78 - Betting taxes and similar 28 82 26 ----- ----- ----- 52 173 26 ----- ----- ----- Income taxes principally represent tax on the profits of the operations of GVC Corporation Limited, the Group's licensed business in Malta. 17. SEGMENTAL ANALYSIS OF NET ASSETS 31 Dec 2009 Casino club Betaland Winzingo Betboo Unallocated Total (note 12) g000's g000's g000's g000's g000's g000's Non current assets 56,070 738 - 7,526 - 64,334 ---- ---- ---- ---- ---- ---- Current assets 837 3,299 265 894 22,822 28,117 Current liabilities (405) (4,244) (28) (473) (4,126) (9,276) ---- ---- ---- ---- ---- ---- Net current assets 432 (945) 237 421 18,696 18,841 Long term liabilities - - - (5,354) - (5,354) ---- ---- ---- ---- ---- ---- Net assets 56,502 (207) 237 2,593 18,696 77,821 ---- ---- ---- ---- ---- ---- Total assets 56,907 4,037 265 8,420 22,822 92,451 Total liabilities (405) (4,244) (28) (5,827) (4,126) (14,630) Expenditure on non current assets Property, plant and equipment (note 10) 96 345 - - - 441 Intangible assets (note 11) 135 - - 8,040 - 8,175 ---- ---- ---- ---- ---- ---- 231 345 - 8,040 - 8,616 ---- ---- ---- ---- ---- ----