SID Silverdell

|                                          |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                                          |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                             At           | 62        | 658      | 425       | 1,066     | 2,211    | 
|                             30           |           |          |           |           |          | 
|                             September    |           |          |           |           |          | 
|                             2007         |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                             Disposals    | -         | (340)    | -         | -         | (340)    | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                             Depreciation | 40        | 452      | 130       | 226       | 848      | 
|                             charge for   |           |          |           |           |          | 
|                             the year     |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                                          |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                             At           | 102       | 770      | 555       | 1,292     | 2,719    | 
|                             30           |           |          |           |           |          | 
|                             September    |           |          |           |           |          | 
|                             2008         |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                                          |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                             Carrying     |           |          |           |           |          | 
|                             amount       |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                             At           | 527       | 828      | 298       | 1,156     | 2,809    | 
|                             30           |           |          |           |           |          | 
|                             September    |           |          |           |           |          | 
|                             2008         |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                                          |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                             At           | 153       | 1,134    | 309       | 884       | 2,480    | 
|                             30           |           |          |           |           |          | 
|                             September    |           |          |           |           |          | 
|                             2007         |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
|                                          |           |          |           |           |          | 
+------------------------------------------+-----------+----------+-----------+-----------+----------+ 
 
 
The Group does not have any of its property and equipment pledged as security 
over bank loans. 
The net book value of assets held under finance leases comprise GBP845,000 
(2007: GBP1,284,000). 
 
 
16. Inventories 
+---------------------------------------------------+----------+----------+----------+ 
|                                                   |          | GBP'000  | GBP'000  | 
+---------------------------------------------------+----------+----------+----------+ 
|                                                   |          |          |          | 
+---------------------------------------------------+----------+----------+----------+ 
|                             Raw materials and     |          | 277      | 203      | 
|                             consumables           |          |          |          | 
+---------------------------------------------------+----------+----------+----------+ 
|                             Work in progress      |          | 886      | 1,075    | 
+---------------------------------------------------+----------+----------+----------+ 
|                                                   |          |          |          | 
+---------------------------------------------------+----------+----------+----------+ 
|                                                   |          | 1,163    | 1,278    | 
+---------------------------------------------------+----------+----------+----------+ 
|                                                   |          |          |          | 
+---------------------------------------------------+----------+----------+----------+ 
 
 
The cost of inventories recognised as an expense and included in 'cost of sales' 
amounted to GBP5,388,000 (2007: GBP2,647,000). The Directors consider that the 
carrying amount of inventories approximates to their fair value. 
 
 
17. Derivative financial (liabilities) / assets 
+---------------------------------------------------+----------+----------+----------+ 
|                                                   |          |  GBP'000 |  GBP'000 | 
+---------------------------------------------------+----------+----------+----------+ 
|                                                   |          |          |          | 
+---------------------------------------------------+----------+----------+----------+ 
|                             Interest rate swap    |          | (41)     | 86       | 
+---------------------------------------------------+----------+----------+----------+ 
|                                                   |          |          |          | 
+---------------------------------------------------+----------+----------+----------+ 
 
 
The notional principal amounts of the outstanding interest rate swap contracts 
at 30 September 2008 were GBP3,750,000 (2007: GBP4,500,000). 
 
 
At 30 September 2008, the fixed interest rate was 5.8% and the main floating 
rates were LIBOR. Gains and losses recognised in the hedging reserve in equity 
on the interest rate swap at 30 September 2008 will be released to the income 
statement upon the repayment of the bank borrowings. 
 
 
18.     Trade and other receivables 
+------------------------------------------+----------+----------+----------+----------+ 
|                                          |          |          |  GBP'000 |  GBP'000 | 
+------------------------------------------+----------+----------+----------+----------+ 
|                             Non-current  |          |          |          |          | 
+------------------------------------------+----------+----------+----------+----------+ 
|                             Other        |          |          | 1,001    | 1,001    | 
|                             receivables  |          |          |          |          | 
+------------------------------------------+----------+----------+----------+----------+ 
|                                          |          |          |          |          | 
+------------------------------------------+----------+----------+----------+----------+ 
|                             Total        |          |          | 1,001    | 1,001    | 
|                             Non-Current  |          |          |          |          | 
+------------------------------------------+----------+----------+----------+----------+ 
|                                          |          |          |          |          | 
+------------------------------------------+----------+----------+----------+----------+ 
| Current                                  |          |          |          |          | 
+------------------------------------------+----------+----------+----------+----------+ 
|                             Trade        |          |          | 15,496   | 16,155   | 
|                             receivables  |          |          |          |          | 
+------------------------------------------+----------+----------+----------+----------+ 
|                             Less:        |          |          | (708)    | (687)    | 
|                             provision    |          |          |          |          | 
|                             for          |          |          |          |          | 
|                             impairment   |          |          |          |          | 
+------------------------------------------+----------+----------+----------+----------+ 
|                                          |          |          |          |          | 
+------------------------------------------+----------+----------+----------+----------+ 
|                             Trade        |          |          | 14,788   | 15,468   | 
|                             receivables  |          |          |          |          | 
|                             net          |          |          |          |          | 

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