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Annual Report & Accounts 2013 - NOTES
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14. CASH AND CASH EQUIVALENTS 2013 2012 €000's €000's Cash and cash equivalents Bank balances 18,808 6,632 Held in the following currencies (in Euro equivalents at the balance sheet date): Euro 6,587 5,566 US Dollars 752 862 British Pounds 8,428 165 Danish Kroner 1,531 - Other 1,510 39 18,808 6,632 Balances with customers: - Restricted cash 7,356 - - Other 5,942 1,712 Balances with customers 13,298 1,712 Own funds 5,510 4,920 18,808 6,632 0.309 0.156 15. TRADE AND OTHER PAYABLES 2013 2012 €000's €000's Other trade payables 9,586 13,777 Finance leases (see also note 18) 945 - Non-interest bearing loan from William Hill PLC (see also note 16) 2,514 - Accruals 11,044 3,493 24,089 17,270 16. NON-INTEREST BEARING LOAN As part of the Groups acquisition of Sportingbet PLC, a credit facility was made available to the Group by William Hill PLC to fund working capital. At the 31 December 2013 the Group had drawn down €8,255,619 (£6,861,956) of this facility. The loan was revalued at the 31 December exchange rate of 1.2031. IAS 39 Financial Instruments: Recognition and Measurement states that all loans and receivables should initially be measured at their fair value. The loan has therefore been discounted at a rate of 4% and will be unwound over the period of the loan. ANNUAL REPORT 2013 50 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued for the year ended 31 December 2013