Notes 16-20
- 16. Inventory and work in progress
- 17. Trade and other receivables
- 18. Trade and other payables: amounts falling due within one year
- 19. Trade and other payables: amounts falling due after more than one year
- 20. Bank overdrafts, bonds and bank loans Amounts falling due within one year
20. Bank overdrafts, bonds and bank loans
Amounts falling due within one year:
| 2007 £m |
2006 £m |
|
|---|---|---|
| Bank overdrafts | 977.9 | 706.8 |
| Convertible bonds | 81.5 | 548.7 |
| Corporate bonds and bank loans | 526.5 | 5.1 |
| 1,585.9 | 1,260.6 |
The Group considers that the carrying amount of overdrafts and short-term borrowings approximates their fair value.
Amounts falling due after more than 1 year:
| 2007 £m |
2006 £m |
|
|---|---|---|
| Corporate bonds and bank loans | 1,740.0 | 1,217.7 |
The Group estimates that the fair value of convertible and corporate bonds is £2,319.1 million at 31 December 2007 (2006: £1,809.3 million). The Group considers that the carrying amount of bank loans approximates their fair value.
The corporate bonds, convertible bonds, bank loans and overdrafts included within creditors fall due for repayment as follows:
| 2007 £m |
2006 £m |
|
|---|---|---|
| Within one year | 1,585.9 | 1,260.6 |
| Between one and two years | – | 486.4 |
| Between two and three years | – | – |
| Between three and four years | – | – |
| Between four and five years | – | – |
| Over five years | 1,740.0 | 731.3 |
| 3,325.9 | 2,478.3 |