|
c) Reconciliation of movement in liabilities from financing activities |
|||
|
Bank borrowings and leases due within 1 year |
Bank borrowings and leases due after 1 year |
Total |
|
|
£'000 |
£'000 |
£'000 |
|
|
Total debt (including lease liabilities) as at 1 February 2020 |
1,092 |
3,426 |
4,518 |
|
Borrowings at 1 February 2020 |
135 |
1,086 |
1,221 |
|
New borrowings in the year |
- |
1,800 |
1,800 |
|
Repayment of borrowings |
(146) |
- |
(146) |
|
Foreign exchange difference |
11 |
126 |
137 |
|
Borrowings before transfer |
- |
3,012 |
3,012 |
|
Transfer from due after 1 year to due within 1 year |
470 |
(470) |
- |
|
Borrowings as at 31 January 2021 |
470 |
2,542 |
3,012 |
|
Lease liability at 1 February 2020 |
957 |
2,340 |
3,297 |
|
Cash movements: |
|||
|
Lease payments |
(1,183) |
- |
(1,183) |
|
Rent concession |
(88) |
- |
(88) |
|
Non-cash movements: |
|||
|
Additions in the year |
- |
586 |
586 |
|
Interest cost |
114 |
- |
114 |
|
Foreign exchange difference |
200 |
(258) |
(58) |
|
Lease liability before transfer |
- |
2,668 |
2,668 |
|
Transfer from due after one year to due within one year |
925 |
(925) |
- |
|
Lease liability as at 31 January 2021 |
925 |
1,743 |
2,668 |
|
Total debt (including lease liabilities) as at 31 January 2021 |
1,395 |
4,285 |
5,680 |
Bank borrowings
|
2021 £’000 |
2020 £’000 |
|
|
Current bank borrowings |
470 |
135 |
|
Non-current bank borrowings |
2,542 |
1,086 |
|
3,012 |
1,221 |
Bank borrowings relate to bank loans 1Spatial France and Geomap-Imagis totalling. Bank loan interest is charged on a fixed rate basis with interest rates ranging between 0% and 3.1%, included the related guarantee costs.
