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1. Tanners projects a turnaround in profitability in the year to 31 March 1993 and a decreasing debt requirement. Up to that time, the company requires the support of its bankers to continue the present overdraft facilities. The peak overdraft arises in July 1992, but the company does not exceed the present facilities at any time. The loans will be repaid on schedule by November 1992.
2. When the Crayford property is sold, which is expected in the year to 31 March 1994, Tanners will look to review its overdraft facilities, and consider methods of financing further capital expenditure including the possibility of new equity.