Page 69 - Hardide-Annual-Report-2021
P. 69

 6. CURRENT LIABILITIES
 Trade payables
Social security and other taxes Accruals and deferred income
2021 £ ‘000
29 26 39 94
2020 £ ‘000
30 27 37 94
- 94
2020 £ ‘000
-
Notes to the Parent Company Accounts 69
      Loans 47 Total current liabilities 141
7. NON-CURRENT OTHER FINANCIAL LIABILITIES
2021 £ ‘000
Loans 203
    On 17 March 2021, the company entered into a £250,000 Coronavirus Business Interruption Loan Scheme (CBILS) backed loan facility with Maven Capital Partners LLP. The term is over 48 months at an interest rate of 8%, with the first loan repayment instalment commencing in March 2022.
8. SHARE CAPITAL
Allotted ordinary shares of 4p each Allotted deferred shares of 0.9p each
Number 000
55,876 189,642
2021 Value
£ ‘000 2,235 1,707
2020
Nature of transaction
Rendering or receiving management services Transfers of research and development costs Transfers under licence agreements
Transfers under finance arrangements Balance outstanding at 30 September
12. FINANCIAL INSTRUMENTS
2021
With With Hardide Hardide Coatings Ltd Coatings, Inc £ ‘000 £ ‘000
177 - (57) - 192 - 875 236
2,681 11,632
With Hardide Coatings Ltd £ ‘000
183 (60) 319 2,372 1,494
2020
With Hardide Coatings, Inc £ ‘000
- - -
515 11,868
Number 000
53,219 189,642
Value £ ‘000
2,129 1,707
   Details of the movement in share capital can be found in note 17 to the Group financial statements.
9. CAPITAL COMMITMENTS
The company has no capital commitments at 30 September 2021 or 30 September 2020.
10. CONTINGENT LIABILITIES
There were no contingent liabilities at 30 September 2021 or 30 September 2020.
11. RELATED PARTY TRANSACTIONS
Hardide plc has inter-company transactions with both Hardide Coatings Ltd and Hardide Coatings Inc, both of which are wholly-owned members of the Group. These are made up of cash and VAT balance transfers, intercompany management charges, intercompany royalty charges and amounts received by or paid on behalf of other group companies, as follows:
      The financial instruments risk management is disclosed in note 23 of the Group financial statements and applies to the parent Company with the amounts as disclosed in notes 5 and 6 of the Company’s notes to the financial statements.
 

















































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