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Annual Report & Accounts 2013 - REPORT OF THE GROUP FINANCE DIRECTOR
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GVC HOLDINGS PLC ANNUAL REPORT 2013 15 Table 10: Analysis of Betboo deferred consideration € millions Due to Acquisition Sub Accounting Founders costs total discount Total Arising on acquisition 21.4 0.3 21.7 (8.6) 13.1 Charge to income statement - prior to 2013 - - - (6.1) (6.1) - during 2013 - - - (1.7) (1.7) - due in 2014 - - - (0.7) (0.7) - due in future periods - - - (0.1) (0.1) Payments made - on acquisition 2.8 0.3 3.1 - 3.1 - up to 31.12.2012 3.8 - 3.8 - 3.8 - During 2013 6.4 - 6.4 - 6.4 Payments due - In 2014 3.8 - 3.8 - 3.8 - In 2015 2.4 - 2.4 - 2.4 - In 2016 2.2 - 2.2 - 2.2 Lifetime balances 21.4 0.3 21.7 (8.6) 13.1 Balances due at 31.12.2013 8.4 - 8.4 (0.8) 7.6 c.) Finance leases This represents the lease finance taken-out for the purchase of software and similar underpinning the Sportsbook platform. Table 11: Analysis of finance lease liabilities €000's Property, plant and equipment capitalised 543 Software capitalised 827 1,370 Hardware and software support to be expensed 753 Total amount financed 2,123 Finance charges expensed in 2013 43 Finance charges expensed in future periods 74 Total amounts repayable to provider of lease finance 2,240 Payable in 2014 (included in current liabilities) 945 Payable in future periods 1,295 2,240 Amount payable in future periods 1,295 Less: future finance charges (74) Included in non-current liabilities 1,221 SUMMARY OF BALANCE SHEET MOVEMENTS The most significant impact on the balance sheet was the acquisition of Sportingbet and the issue of shares used to finance it. BUSINESS REVIEW