Sinclair
- Consolidated Income Statement
- Balance Sheet
- Statement of Changes in Shareholders' Equity
- Cash Flow Statements
- Notes to the Financial Statements
- 1. General information
- 2. Accounting Policies
- 3. Financial risk management
- 4. Segmental information
- 5. Exceptional operating items
- 6. Expenses by nature
- 7. Employees and Directors
- 8. Finance Income and costs
- 9. Taxation on loss on ordinary activities
- 10. Loss for the financial year
- 11. Loss per share
- 12. Goodwill
- 13. Intangible asssets
- 14. Property, plant and equipment
- 15. Investments
- 16. Deferred tax asset
- 17. Inventories
- 18. Trade and other receivables
- 19. Trade and other payables
- 20. Borrowings
- 21. Provisions
- 22. Financial instruments
- 23. Called-up share capital
- 24. Share premium
- 25. Options and warrants over shares of Sinclair Pharma plc
- 26. Share based payments
- 27. Other Reserves
- 28. Cash flows from operating activities
- 29. Operating lease commitments
- 30. Capital commitments
- 31. Related party transactions
- 32. Post balance sheet events
21 Provisions |
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Group |
Company |
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|
Group |
Legal provision £’000 |
Onerous lease £’000 |
Restructuring £’000 |
Total £’000 |
Legal provision £’000 |
|
At 1 July 2008 |
– |
– |
– |
– |
– |
|
Charged to the income statement |
260 |
172 |
672 |
1,104 |
260 |
|
Utilised in the year |
– |
(92) |
(287) |
(379) |
– |
|
At 30 June 2009 |
260 |
80 |
385 |
725 |
260 |
|
Analysis of total provisions: |
Group |
Company |
|||
|
2009 £’000 |
2008 £’000 |
2009 £’000 |
2008 £’000 |
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|
Non-current |
343 |
– |
– |
– |
|
|
Current |
382 |
– |
260 |
– |
|
|
725 |
– |
260 |
– |
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|
Legal provision The legal provision relates to exceptional professional fees associated with arranging finance facilities which the Directors decided not to enter into as the terms were unfavourable.
Onerous lease The onerous lease provision relates to the property which has been vacated as a result of the closure of the Northampton site. The provision is for property and property related costs prior to the expected date of assignment of the lease.
Restructuring The restructuring provision relates to the employee costs associated with the restructuring plan implemented in the year, which included the closure of the Northampton site and the sales force.
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