REG - Safestore Hldgs plc - Preliminary Results <Origin Href="QuoteRef">SAFE.L</Origin> - Part 4

Safestore HoldingsAnnouncement

28/01/2015 02:06

- Part 4: For the preceding part double click  ID:nRSV8130Cc 

       (249.3)  
 Finance leases due within one year       (8.6)    4.9            (4.3)                  (8.0)    
 Finance leases due after one year        (47.1)   -              4.1                    (43.0)   
 Total finance leases                     (55.7)   4.9            (0.2)                  (51.0)   
 Total net debt                           (382.8)  80.7           1.8                    (300.3)  
 
 
Non-cash movements relate to reclassification of non-current debt to current debt, amortisation of debt issue costs,
foreign exchange movements and unwinding of discount. 
 
16. Contingent liabilities 
 
As part of the Group banking facility, the Company has guaranteed the borrowings totalling £265.2m (FY2013: £343.6m) of
fellow Group undertakings by way of a charge over all of its property and assets. There are similar cross guarantees
provided by the Group companies in respect of any bank borrowings which the Company may draw under a Group facility
agreement. The financial liability associated with this guarantee is considered remote and therefore no provision has been
recorded. 
 
17. Capital commitments 
 
The Group had £0.3m capital commitments as at 31 October 2014 (FY2013: £nil). 
 
18. Related party transactions 
 
The Group's shares are widely held. 
 
During the year £nil (FY2013: £nil) transactions were carried out with related parties. 
 
This information is provided by RNS
The company news service from the London Stock Exchange