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Financial Statements
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Contents
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Page
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Strategic report
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1
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Directors' report
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2
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Independent auditor's report to the members
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4
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Statement of comprehensive income
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6
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Statement of financial position
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7
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Statement of changes in equity
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8
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Statement of cash flows
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9
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Notes to the financial statements
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10
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Detailed income statement
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17
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Notes to the detailed income statement
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18
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Strategic Report
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Director
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Directors' Report
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Director
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor)
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For and on behalf of
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Chartered accountant & statutory auditor
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792 Wickham Road
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Croydon CR0 8EA
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Statement of Comprehensive Income
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2016
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2015
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Note
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£
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£
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Turnover
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4
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Cost of sales
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Gross profit
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Administrative expenses
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Other operating income
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---------
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Operating profit
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5
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---------
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Profit before taxation
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Tax on profit
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9
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--------
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--------
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Profit for the financial year
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--------
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--------
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Revaluation of tangible assets
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--------
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---------
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Total comprehensive income for the year
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Statement of Financial Position
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2016
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2015
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Note
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£
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£
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£
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Tangible assets
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11
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Investments
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12
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---------
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---------
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Stocks
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13
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Debtors
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14
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Cash at bank and in hand
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Creditors: amounts falling due within one year
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15
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Net current assets
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Total assets less current liabilities
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Net assets
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Called up share capital
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16
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Revaluation reserve
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17
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Profit and loss account
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17
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---------
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Members funds
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Director
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Statement of Changes in Equity
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Called up share capital
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Revaluation reserve
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Profit and loss account
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Total
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Note
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£
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£
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£
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£
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At 1st January 2015
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–
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Profit for the year
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Other comprehensive income for the year:
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Revaluation of tangible assets
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11
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–
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–
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--------
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Total comprehensive income for the year
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–
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Dividends paid and payable
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10
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–
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–
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(
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(
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--------
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Total investments by and distributions to owners
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–
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–
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(
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(
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At 31st December 2015
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Profit for the year
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Other comprehensive income for the year:
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Revaluation of tangible assets
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11
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–
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–
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--------
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---------
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Total comprehensive income for the year
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–
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Dividends paid and payable
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10
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–
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–
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(
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(
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----
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----
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Total investments by and distributions to owners
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–
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–
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(
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(
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--------
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At 31st December 2016
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--------
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Statement of Cash Flows
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2016
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2015
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£
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£
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Profit for the financial year
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Adjustments for:
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Depreciation of tangible assets
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Tax on profit
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Changes in:
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Stocks
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Trade and other debtors
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(
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Trade and other creditors
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(
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---------
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--------
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Cash generated from operations
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Tax paid
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(
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(
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---------
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--------
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Net cash from operating activities
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--------
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Proceeds from borrowings
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(
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Dividends paid
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(
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(
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---------
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--------
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Net cash used in financing activities
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(
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(
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---------
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--------
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Net (decrease)/increase in cash and cash equivalents
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(
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Cash and cash equivalents at beginning of year
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14,133
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3,109
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Cash and cash equivalents at end of year
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Notes to the Financial Statements
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Fixtures and fittings
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-
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Motor vehicles
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-
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Equipment
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-
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2016
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2015
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£
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£
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Rendering of services
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---------
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2016
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2015
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£
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£
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Depreciation of tangible assets
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-------
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-------
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2016
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2015
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£
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£
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Fees payable for the audit of the financial statements
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-------
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-------
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2016
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2015
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No.
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No.
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Management staff
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3
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3
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----
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----
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2016
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2015
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£
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£
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Wages and salaries
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Social security costs
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–
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--------
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--------
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--------
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--------
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2016
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2015
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£
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£
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Remuneration
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--------
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--------
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2016
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2015
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£
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£
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UK current tax expense
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--------
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--------
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Tax on profit
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--------
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--------
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2016
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2015
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£
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£
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Dividends on equity shares relating to line 1 in the shares issued page of cdb
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--------
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Fixtures and fittings
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Motor vehicles
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Equipment
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Total
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£
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£
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£
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£
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Cost
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At 1 Jan 2016 and 31 Dec 2016
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--------
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Depreciation
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At 1st January 2016
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Charge for the year
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--------
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-------
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--------
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--------
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At 31st December 2016
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--------
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-------
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--------
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--------
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Carrying amount
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At 31st December 2016
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--------
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-------
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--------
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--------
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At 31st December 2015
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--------
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-------
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--------
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--------
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Other investments other than loans
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£
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Cost
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At 1st January 2016
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Revaluations
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---------
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At 31st December 2016
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---------
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Impairment
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At 1 Jan 2016 and 31 Dec 2016
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–
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---------
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Carrying amount
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At 31st December 2016
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---------
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At 31st December 2015
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---------
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2016
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2015
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£
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£
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Raw materials and consumables
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----
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-------
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2016
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2015
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£
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£
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Other debtors
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---------
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---------
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2016
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2015
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£
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£
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Trade creditors
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Accruals and deferred income
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Corporation tax
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Social security and other taxes
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Director loan accounts
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--------
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---------
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--------
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2016
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2015
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No.
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£
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No.
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£
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50,000
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50,000
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--------
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--------
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--------
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--------
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Management Information
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Detailed Income Statement
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2016
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2015
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£
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£
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Turnover
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Opening stock - raw materials
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1,578
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1,610
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Purchases
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4,918
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4,032
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-------
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-------
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6,496
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5,642
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Closing stock - resale
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976
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1,578
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-------
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-------
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5,520
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4,064
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---------
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Gross profit
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Administrative expenses
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96,119
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95,493
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Other operating income
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6,506
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5,726
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--------
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--------
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Operating profit
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--------
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Profit before taxation
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94,167
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58,169
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--------
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--------
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Notes to the Detailed Income Statement
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2016
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2015
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£
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£
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Directors salaries
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39,600
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39,600
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Directors national insurance contributions
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1,055
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–
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Wages and salaries
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9,900
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9,900
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Staff national insurance contributions
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247
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–
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Rent rates and water
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22,941
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22,812
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Light and heat
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1,843
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1,668
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Insurance
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712
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809
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Repairs and maintenance (allowable)
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1,971
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2,743
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Premises maintenance & cleaning
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1,440
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1,125
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Travel and subsistence
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4,992
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5,446
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Telephone
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4,525
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4,541
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Printing postage and stationery
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326
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319
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Books & courses
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1,696
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1,153
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Staff welfare
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497
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580
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Sundry expenses
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13
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–
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Accountancy fees
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1,000
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1,000
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Auditors remuneration
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1,000
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1,000
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Depreciation of tangible assets
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2,038
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2,467
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Credit card charges
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323
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330
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--------
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--------
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96,119
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95,493
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--------
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--------
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Operating lease rental income (non-contingent)
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5,700
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5,700
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Other operating income
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806
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26
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-------
|
-------
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6,506
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5,726
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-------
|
-------
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