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PUMPKIN PATCH LIMITED & SUBSIDIARIES NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE 6 MONTHS ENDED 31 JANUARY 2004 (CONTINUED)

8. Borrowings (continued)

Bank Loans – The bank borrowings are secured by first mortgage over certain assets of the group. Refer to note 16 – Contingent Liabilities.

Interest Rates – Refer to Note 21 for effective interest rates on borrowings.

9. Loans and Advances

Advances have been made to the Group in the amount of $2,500,000 (2003: $2,500,000, 2002: $2,500,000) by the following shareholders:

Feruza Trust Simdec Trust Kezza Family Trust The Opito Family Trust

These advances are interest free, repayable within a period not less than 5 years of the date of the advance being made.

10. Accruals and Provisions

Current

Sundry accruals

Employee entitlements

GST payable

Deferred landlord contributions

Non Current

Deferred landlord contributions

5,804

3,220

5,188

1,278

1,281

1,229

182

1,887

1,540

1,271

1,030

888

8,535

7,418

8,845

31 Jan 2004

31 July 2003

31 Dec 2002

$000

$000

$000

2,316

2,146

2,126

10,851

9,564

10,971

Group

11. Inventories

Inventories Comprise:

Finished goods

Raw materials

35,105

38,941

36,672

2,795

2,275

2,565

37,900

41,216

39,237

31 Jan 2004

31 July 2003

31 Dec 2002

$000

$000

$000

Group

59

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