Page 75 - RFU Annual Report 2018

7
FINANCIAL STATEMENTS

3

18. Debtors and prepayments continued Group Group Parent Parent
2018 2017 2018 2017
£m £m £m £m
Amounts falling due after one year
Other debtors and accrued income 0.2 0.2 0.2 0.2

0.2 0.2 0.2 0.2

Based on a review of the age and nature of debtors and prior experience, management has concluded that no bad debt
provision is required.

19. Cash at bank and in hand

Cash at bank and in hand includes £1.0m (2017: £1.8m) held in restricted funds by the Group’s two charities, the RFU
Injured Players Foundation and Rugby Football Foundation.

20. Creditors
Group Group Parent Parent
2018 2017 2018 2017
£m £m £m £m
Amounts falling due within one year
Trade creditors 3.9 1.5 4.3 -
Amounts owed to Group undertakings - - 39.9 13.2
Corporation tax 0.4 0.6 - -
Other taxes and social security 1.7 1.3 0.8 0.9
Obligations under finance leases (see note 21) - 0.3 - 0.3
Other creditors 1.7 1.6 0.6 1.1
Accruals and deferred income 39.0 35.3 26.9 27.4

46.7 40.6 72.5 42.9

Group Group Parent Parent
2018 2017 2018 2017
£m £m £m £m
Amounts falling due after one year
Bank loans (see note 22) 44.3 34.7 44.3 34.7
Other creditors 79.3 51.3 79.3 51.3
Accruals and deferred income 2.2 0.7 - -
Pension liability - 3.0 - 3.0

125.8 89.7 123.6 89.0

Other creditors falling due after one year includes the RFU obligation to repurchase the Compass Group’s 40%
shareholding in TEL in 2028. A £3m loan received from Compass Group was fully repaid in the year. No creditors
hold security on any assets.

Annual
Report
2018