| Liquidity funds (Note 16)        |   183,265 |   183,265 |         - |         - | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
 
 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Company                          |      Book |      Fair |     Book  |      Fair | 
|                                  |     value |     value |     value |     value | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
|                                  |      2008 |      2008 |      2007 |      2007 | 
|                                  |   GBP'000 |   GBP'000 |   GBP'000 |   GBP'000 | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Fair value of non-current        |           |           |           |           | 
| financial assets and financial   |           |           |           |           | 
| liabilities held or issued to    |           |           |           |           | 
| finance the Company's            |           |           |           |           | 
| operations:                      |           |           |           |           | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Convertible bonds (Note 18)      | (142,511) | (134,222) | (167,612) | (170,150) | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| USD and GBP loan notes (Note 18) | (313,934) | (287,941) | (230,710) | (254,046) | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Trade and other receivables      |    42,634 |    42,634 |   153,247 |   153,247 | 
| (Note 15)                        |           |           |           |           | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Fair value of other financial    |           |           |           |           | 
| assets and financial liabilities |           |           |           |           | 
| held or issued to finance the    |           |           |           |           | 
| Company's operations:            |           |           |           |           | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Trade and other payables (Note   |   (9,273) |   (9,273) |  (15,828) |  (15,828) | 
| 17)                              |           |           |           |           | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Trade and other receivables      |    10,801 |    10,801 |       346 |       346 | 
| (Note 15)                        |           |           |           |           | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Bank overdraft (Note 16)         |  (21,276) |  (21,276) |  (50,486) |  (50,486) | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Cash on short term deposit (Note |    24,704 |    24,704 |   154,620 |   154,620 | 
| 16)                              |           |           |           |           | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
| Liquidity funds (Note 16)        |   183,265 |   183,265 |         - |         - | 
+----------------------------------+-----------+-----------+-----------+-----------+ 
 
 
Maturity of Financial Liabilities 
 
 
The following table sets forth details of the financial liabilities which will 
be settled on a net basis into relevant maturity groupings as at 31 December 
2008 and 2007. The amounts disclosed in the table are the contractual 
undiscounted cash flows including interest payments at the applicable fixed 
rate. Non-GBP denominated balances have been translated at the year end closing 
rates. The amounts payable in respect of derivative financial instruments have 
been calculated based on price differentials at 31 December 2008. 
 
 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| As at 31 December 2008:  |  Due in   |  Due in   |  Due in  |    Due    |     Total | 
|                          |   less    |  1 to 2   |  2 to 5  |  after 5  |           | 
|                          |  than 1   |  years    |  years   |  years    |           | 
|                          |   year    |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Group                    |   GBP'000 |   GBP'000 |  GBP'000 |   GBP'000 |   GBP'000 | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
|                          |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Current liabilities      |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Trade and other payables | (151,600) |         - |        - |         - | (151,600) | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Bank overdraft           |   (9,017) |         - |        - |         - |   (9,017) | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Deferred acquisition     |   (1,350) |         - |        - |         - |   (1,350) | 
| liability                |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Derivative financial     |  (13,386) |         - |        - |         - |  (13,386) | 
| instruments              |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Total current            | (175,353) |         - |        - |         - | (175,353) | 
| liabilities              |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
|                          |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Non-current liabilities  |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Convertible bond         |   (4,908) | (155,908) |        - |         - | (160,816) | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| USD and GBP loan notes   |  (20,489) |  (20,489) | (61,467) | (381,526) | (483,971) | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Deferred acquisition     |         - |   (6,089) |  (8,024) |         - |  (14,113) | 
| liability                |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Total non-current        |  (25,397) | (182,486) | (69,491) | (381,526) | (658,900) | 
| liabilities              |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
| Total financial          | (200,750) | (182,486) | (69,491) | (381,526) | (834,253) | 
| liabilities              |           |           |          |           |           | 
+--------------------------+-----------+-----------+----------+-----------+-----------+ 
 
 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
| As at 31 December 2008:  |  Due in   |  Due in   |  Due in   |    Due    |     Total | 
|                          |   less    |  1 to 2   |  2 to 5   |  after 5  |           | 
|                          |  than 1   |  years    |  years    |  years    |           | 
|                          |   year    |           |           |           |           | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
| Company                  |   GBP'000 |   GBP'000 |   GBP'000 |   GBP'000 |   GBP'000 | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
|                          |           |           |           |           |           | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
| Current liabilities      |           |           |           |           |           | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
| Trade and other payables |   (9,273) |         - |         - |         - |   (9,273) | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
| Bank overdraft           |  (21,276) |         - |         - |         - |  (21,276) | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
| Derivative financial     |   (5,753) |         - |         - |         - |   (5,753) | 
| instrument               |           |           |           |           |           | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
| Total current            |  (36,302) |         - |         - |         - |  (36,302) | 
| liabilities              |           |           |           |           |           | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
|                          |           |           |           |           |           | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
| Non-current liabilities  |           |           |           |           |           | 
+--------------------------+-----------+-----------+-----------+-----------+-----------+ 
| Convertible bond         |   (4,908) | (155,908) |         - |         - | (160,816) | 

Venture Production (LSE:VPC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Venture Production Charts.
Venture Production (LSE:VPC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Venture Production Charts.