35  Borders & Southern Petroleum plc Annual Report & Accounts 2014 www.bordersandsouthern.com  STRATEGIC  REPORT DIRECTORS’  REPORT F INANCIAL  S T ATEMENTS 12 INVESTMENTS IN SUBSIDIARY COMPANY 13 OTHER RECEIVABLES 14 TRADE AND OTHER PAYABLES 15 SHARE CAPITAL The Company owns the one ordinary £1 subscriber share, being 100% of the issued share capital, in Borders and Southern  Falkland Islands Limited. The Company was registered in England and its principal activity is oil and gas exploration. All amounts shown under receivables fall due for payment within one year. Amounts owed by Group undertakings are not interest bearing and are payable on demand. There are no past dues or impaired receivables at year end (2013: nil). 2014  $ 2013  $ Cost As at 1 January and 31 December  2 2 Net book value As at 31 December  2 2 Group Company 2014  $000 2013  $000 2014  $000 2013  $000 Amounts owed by Group undertakings – – 290,143 287,125 Other receivables 204 247 204 247 Prepayments and accrued income 125 770 125 770 329 1,017 290,472 288,142 Group Company 2014  $000  2013  $000  2014  $000  2013  $000 Trade payables 24 613 24 613 Other taxes and social security costs 48 48 48 48 Accruals and deferred income 178 646 178 646 250 1,307 250 1,307 2014  $000 2013  $000 Authorised 750,000,000 ordinary shares of 1 pence each (2013 – 750,000,000) 14,926 14,926 Allotted, called up and fully paid 484,098,484 ordinary shares of 1 pence each (2013 – 484,098,484) 8,530 8,530 Share capital Brought forward 8,530 8,530 Carried forward 8,530 8,530 Share premium Brought forward 308,602 308,602 Carried forward 308,602 308,602