However, due to their materiality in the context of the Group financial statements as a whole these are considered to be the areas on which the most audit effort is spent. This agreement has extended the RCF availability period from August 2019 to 8 January 2020. The Group considers each cinema site to be a cash-generating unit (CGU) and each CGU is reviewed annually for indicators of impairment. In Years 1 and 2 expected future cash flows are forecast using film scheduling data from distributors. Vue International Holdco Limited, the ultimate parent undertaking, operates one senior executive share-based payment scheme. COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 NOVEMBER 2018, Share Share-based Retained Total capital payments losses equity reserve Notes 000 000 000 000 Balance at 1 December 2016 4,718 6,798 (115,140) (103,624) Loss for the year - - (44,058) (44,058) Total comprehensive income for - - (44,058) (44,058) the year Credit to equity for equity settled - 2,055 - 2,055 share-based payments Balance at 30 November 2017 8 4,718 8,853 (159,198) (145,627), Balance at 1 December 2017 4,718 8,853 (159,198) (145,627) Loss for the year - - (35,098) (35,098) Total comprehensive income for - - (35,098) (35,098) the year Credit to equity for equity settled - 1,421 - 1,421 share-based payments Balance at 30 November 2018 8 4,718 10,274 (194,296) (179,304), NOTES TO THE COMPANY FINANCIAL STATEMENTS AS AT 30 NOVEMBER 2018. Ender-Wiggin2019 init. Apply discount code SAVE20at checkout. Further details around the Groups commitments to human rights can be found on the Vue company website. Guide Tutorial Examples Quick Start Vue 2 Docs Migration from Vue 2. Once approved the expenditure is capitalised. The Strategic Report, and Directors Report contain certain forward looking statements with respect to the financial condition, results, operations and business of the Group. The classifications of the Groups financial assets and liabilities at the balance sheet date are shown in the table below: 30 November 2018 Financial Assets per the balance sheet Assets at amortised Fair value of assets costs at amortised costs Group 000 000 Trade and other receivables excluding prepayments 66,557 66,557 Cash and cash equivalents 116,140 116,140 Total 182,697 182,697, Financial Liabilities per the balance sheet Fair value of Liabilities at liabilities at amortised cost amortised costs Group 000 000 Borrowings (excluding finance lease liabilities) 1,528,501 631,630 Finance lease liabilities 27,095 18,527 Trade and other payables excluding non-financial 146,689 146,689 liabilities Total 1,702,285 796,846, Carrying Contractual More than amount cash flows 0-1 Year 2-5 years 5 years '000 '000 '000 '000 '000 Secured notes 714,707 (723,094) - (723,094) - Shareholder loan notes 813,398 (813,398) - - (813,398) Leases 27,095 (35,058) (8,428) (20,467) (6,163) Trade and other payables excluding non-financial liabilities 146,689 (146,689) (146,689) - - Other 396 (603) - (603) - Total 1,702,285 (1,718,842) (155,117) (744,164) (819,561), (a) Fair value of financial instruments (continued), Fair value hierarchy (continued) 30 November 2017 Assets per the balance sheet Assets at amortised Fair value of assets costs at amortised costs Group 000 000 Trade and other receivables excluding prepayments 40,823 40,823 Cash and cash equivalents 116,135 116,135 Total 156,958 156,958, Liabilities per the balance sheet Liabilities at Fair value of liabilities amortised cost at amortised costs Group 000 000 Borrowings (excluding finance lease liabilities) 1,443,513 590,046 Finance lease liabilities 33,398 20,975 Trade and other payables excluding non-financial 135,671 135,671 liabilities Total 1,612,582 746,692, Carrying Contractual More than amount cash flows 0-1 Year 2-5 years 5 years '000 '000 '000 '000 '000 Secured notes 710,458 (722,758) - (722,758) - Shareholder loan notes 732,933 (732,933) - - (732,933) Leases 33,398 (44,200) (9,215) (26,431) (8,554) Trade and other payables excluding 135,671 (135,670) (135,670) - - non-financial liabilities Other 122 (603) - (603) - Total 1,612,582 (1,636,164) (144,885) (749,792) (741,487). As at the balance sheet date, 1,000,000 (2017: 1,000,000) D shares had been issued to members of the scheme or to an Employee Benefit Trust. Exchange differences arising, if any, are recognised in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate). Details of intangible assets are given in note 17. The Group maintains close relationships with studios and local distributors to understand, as early as possible, likely film performance. The principal activity of the Company is a financing holding company. All figures stated below reflect the results of the Group: Year ended Year ended 30 November 30 November 2018 2017 Admissions 85.7m 80.5m Group Turnover 799.9m 790.2m Box Office Revenue 502.7m 516.3m Consolidated EBITDA 119.7m 124.6m. 4. For example, the terms on which the United Kingdom may withdraw from the European Union, which is currently due to occur on the 29 March 2019, are not clear, and it is difficult to evaluate all of the potential implications on the Groups trade, customers, suppliers and the wider economy. Assets under construction are not depreciated until projects are completed and brought into use. Interest is floating at three month EURIBOR plus a margin of 550 bps. Access to single report without subscription allows our clients to meet their requirements with a limited budget While the 2020-21 school year included two celebration-worthy achievementsVEs 25th anniversary and reaching the milestone of having served 200,000 students since 1996our focus was fixed on ensuring that students remained engaged in their VE classes despite the move to remote and hybrid learning environments. The directors consider the assumptions to represent the best estimate of the future cash flows generated by the cinema sites and that the discount rate used is appropriate given the risks. AIMCo was established on January 1, 2008 with a mandate to provide superior long-term investment results for its clients. Key audit matter How our audit addressed the key audit matter Valuation of investments and recoverability of We assessed the investment carrying values and intercompany receivables intercompany receivables in the Company balance sheet against the net asset position of the relevant At the balance sheet date, the Company has subsidiary to identify whether the carrying values investments in the Group of 205.0m and are supportable. The Group had total assets for the year of 1,429.6m (2017: 1,431.8m). The executive incentive scheme is an equity settled scheme and hence the fair value of the total award at the grant date of the scheme is not remeasured. We have determined that Vue Entertainment Limited (legal entity within the UK & Ireland) and CinemaxX (Group results of Germany & Denmark) are significant components. View summary of company credit check, director search and other financial reports . Docs . VUE INTERNATIONAL BIDCO PLC - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity. Under that law the directors have prepared the Group financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union and Company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 101 Reduced Disclosure Framework, and applicable law). During 2020-21, 8,000 students and 600 judges took part in VE's annual Youth Business Summit, which was conducted virtually. The Company has one class of ordinary shares which carry no right to fixed income. Additionally, the Group performs impairment assessments of property, plant and Forecast growth rates for the CGUs over equipment and other intangibles. When indicators of impairment exist the Group determines whether the property, plant and equipment are impaired. The highest paid director received remuneration of 1.2m (2017: 1.1m) including pension payments of 5k (2017: 5k). 1 financial highlights market bidco limited wm morrison supermarkets plc, sustainability report 2020 piolin bidco s.a.u. Adjusting for these liabilities the Group will be in a net asset position of 438.8m which supports the directors view on the going concern of the business. The company was founded in 2003 and is headquartered in Dorking, United Kingdom. The Groups cinemas attract over a million visitors every week. At 30 November 2018 there were no working capital drawings on the facility (2017: nil). Quote in 24 hours strategy implementation at bidco oil refineries limited cao assessment report complaint regarding ifcs bidco bev recommended cash offerthis offer memorandum (the offer financial statements - mercury bond international, bain vougeot bidco plc - vue internationalout, jurassic world 2014 chain finco limited - penta capital. IFRS 15 IFRS 15 is not expected to have a material impact on the Group. QUALIFYING THIRD PARTY INDEMNITY PROVISIONS. Each service provider provides corporate finance, strategic corporate planning and other services. Inter-segment sales are not material and have not been disclosed. Official Libraries. Inventories are valued on a first-in, first-out (FIFO) basis and are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow moving inventory. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised based on tax laws and rates that have been enacted or substantively enacted at the balance sheet date. Impairment reviews are sensitive to changes in key assumptions. Information on new product development/services as well as marketing and distribution strategies, 4.2 Vue International Limited SWOT Analysis profile will help you gain knowledge upon: 30 November 30 November 2018 2017 000 000 Non-current 2,911 3,011 Current 84,434 61,105 Total 87,345 64,116, 30 November 30 November 2018 2017 000 000 Trade receivables 39,190 26,892 Allowance for doubtful debts (4,365) (4,042) Amounts receivable from parent undertakings 19,261 - Other receivables 12,471 17,973 Prepayments 20,788 23,293 Total 87,345 64,116. It is also required to discount these cash flows using an appropriate discount rate. And in response to our end-of-year survey, 92% of students reported that they learned how to work as a team in addition to 94% teacher satisfaction. 37. Best practice is proactively identified and implemented across the Group using various methods such as setting up regular workshops that bring together key specialist managers from each territory in areas such as, but not limited to, Retail, Pricing, Marketing, Screen Content and Finance. A review has been undertaken of the key revenue streams within the Group having considered the 5 step model, the results of which are as follows; The primary source of the Groups revenues are derived from ticket sales. digtiGaps 2018. Poland 100% 2 ul. You can change your cookie settings at any time. Market Environment Trends and Factors Affecting Future and Current Performance, Admissions and Gross Box Office Revenues (GBOR), The recent annual trend of market Admissions and GBOR for the five key territories within the Group are shown in the table below. How we determined it 1% of total assets. In addition the Group also generated positive cash flows of 6.4m (before payments to acquire subsidiaries) during the year. The primary financial assets held to maturity by the Group are trade and other receivables. Based on the responsibilities described above and our work undertaken in the course of the audit, ISAs (UK) require us also to report certain opinions and matters as described below. 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