Page 44 - CTPA Annual Report 2011

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10. Debtors
2011
2010
£
£
Other debtors
174,339
108,873
Other taxes recoverable
0
43,661
Prepayment and accrued income
98,020
75,872
272,359
228,406
11. Creditors:
amounts falling due within one year
2011
2010
£
£
Trade creditors
93,164
67,286
Corporation tax
775
1,328
Deferred income (subscriptions)
712,325
832,495
Accruals
17,494
11,490
Other taxes and social security
291,823
218,288
1,115,581
1,130,887
12. Financial Commitments
The annual commitments under non-cancellable
operating leases were as follows:
2011
2010
£
£
Leasing expiring:
In two to five years (office equipment)
7,850
7,919
In two to five years (land and buildings)
75,000
75,000
13. Forward exchange contract
CTPA has entered into a forward contract for settlement on 25 May 2012
to purchase
159,500 at a rate of
1.15:£1 as a hedge relating to the
payment of the 2012 subscription to Cosmetics Europe (formerly Colipa).
14. Capital commitments
At 31 December 2011, CTPA had contracted but not provided for capital
expenditure totalling £nil (2010: £nil)
41.
12. Directors’ Report & Financial Statements