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Financials
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Whistl Annual Report 2016
15 Investments in subsidiary undertakings - Company
Cost
£’000
At 1 January 2016 and 31 December 2016
93,914
Impairment
At 1 January 2016 and 31 December 2016
65,305
Net book value
At 31 December 2016
28,609
At 31 December 2015
28,609
The directors consider that the value of the investments to be supported by underlying assets, projections and prospects
for the business.
At 31 December 2016, the company had a majority shareholding in the following entities:
Undertaking
Country
Activity
Proportion
of incorporation
of shares
held (%)
PostNL UK Limited
UK *
Holding Company
100
* Registered office at Meridian House, Fieldhouse Lane, Marlow, Buckinghamshire, SL7 1TB.
16 Debtors
Group
Company
2016
2015
2016
2015
£’000
£’000
£’000
£’000
Trade debtors
63,526
66,375
-
-
Deferred Tax (note 18)
2,970
4,329
-
-
Corporation tax receivable
43
235
103
56
Prepayments and accrued income
10,445
9,946
-
-
76,984
80,885
103
56
An impairment loss of £650,000 (2015: £646,000) was recognised against trade debtors.
Details of the company’s exposure to credit risk are given in the Strategic Report.
Notes to the consolidated financial statements for
the year ended 31 December 2016 (continued)