CCP Celtic Plc

The decrease of GBP4.56m in the level of receivables from 31 December 2013 to GBP15.49m is primarily a result of a reduction in amounts due from player sales in addition to a fall in accrued income arising from participation in the UEFA Europa League in 2014/15 compared with UEFA Champions League participation in 2013/14.

   8.     SHARE CAPITAL 
 
                                  Authorised                                            Allotted, called up and fully 
                                 31 December 30                                                      paid 
                                      June                                                    31 December 30 June 
                         2014            2013         2014            2014        2014       2013        2013       2014        2014 
                           No              No           No              No      GBP000         No      GBP000         No      GBP000 
                          000             000          000             000                    000                    000 
 Equity 
 Ordinary Shares 
  of 1p each          221,914         221,126      221,393          92,818         928     91,487         915     91,754         918 
 Deferred Shares 
  of 1p each          611,787         550,769      563,589         611,787       6,118    550,769       5,508    563,589       5,636 
 Non-equity 
 Convertible 
  Preferred 
  Ordinary Shares 
  of GBP1 each         15,171          15,738       15,620          13,184      13,184     13,751      13,751     13,633      13,633 
 
 Convertible 
  Cumulative 
  Preference 
  Shares of 
  60p each             18,645          18,738       18,716          16,145       9,686     16,238       9,742     16,216       9,729 
 Less reallocated 
  to debt under 
  IAS 32: 
 
  Initial debt 
  Capital reserve           -               -            -               -     (2,845)          -     (2,922)          -     (2,864) 
                            -               -            -               -     (2,780)          -     (2,672)          -     (2,695) 
                                    ---------                                           ---------                         ---------- 
 
                      867,517         806,371      819,318         733,934      24,291    672,245      24,322    685,192      24,357 
                    =========       =========  ===========       =========  ==========  =========  ==========  =========  ========== 
 
   9.      NON - CURRENT LIABILITIES 

Non-current liabilities reflect the non-current element of bank loans of GBP6.8m (December 2013: GBP10.0m, June 2014: GBP9.8m) drawn down at the end of the period as part of the Company's bank facility of GBP20.4m (December 2013: GBP32.8m, June 2014: GBP32.4m) and GBP4.3m (December 2013: GBP4.3m, June 2014: GBP4.3m) as a result of the reallocation of non-equity share capital from equity to debt following the introduction of IAS 32, GBP0.03m (December 2013: GBP0.1m, June 2014: GBP0.1m) of deferred income and provisions of GBP1.0m (December 2013: GBP0.8m, June 2014: GBP1.0m).

   10.    ANALYSIS OF NET CASH AT BANK 

The reconciliation of the movement in cash and cash equivalents per the cash flow statement to net cash is as follows:

 
                                31 December   31 December   30 June 
                                    2014          2013        2014 
                                  GBP000        GBP000      GBP000 
 Bank Loans due after more 
  than one year                   (6,775)      (10,031)     (9,844) 
 Bank Loans due within one 
  year                             (375)         (375)       (375) 
 Cash and cash equivalents: 
     Overdrafts due within 
      one year                       -           (557)       (689) 
     Cash at bank                 12,433        16,649      14,739 
                               ------------  ------------  -------- 
 
 Net cash at bank at period 
  end                              5,283         5,686       3,831 
                               ============  ============  ======== 
 

Total net cash, including other loans of GBP0.1m (2013: GBP0.1m) and that arising from the reclassification of equity to debt following the adoption of IAS32 of GBP4.3m (2013: GBP4.3m) amounted to GBP0.9m (2013: GBP1.2m).

   11.   POST BALANCE SHEET EVENTS 

Since the balance sheet date, we acquired the permanent registrations of Stuart Armstrong, Gary Mackay-Steven and Michael Duffy. The permanent registrations of Beram Kayal and Filip Twardzik were transferred to Brighton & Hove Albion and Bolton Wanderers respectively.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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