Section image

Cherries
oil on canvas
22 x 20 in
1981

Penny Machines
oil on canvas
23¾ x 29¾ in
1961

Stack of Books
oil on canvas
30 x 24 in
n.d.

Seven Suckers
oil on canvas
19 x 23 in
1970

Twin Jackpots
oil on canvas
30 x 46 in
1962

Ties
oil on canvas
20 x 26 in
1980

Cake Slices
oil on canvas
20 x 16 in
n.d.

Notes 16 - 20

20. Bank overdrafts, bonds and bank loans

Amounts falling due within one year:
  2009
£m
2008
£m
Bank overdrafts 720.7 1,254.4
Corporate bonds and bank loans 386.4
  720.7 1,640.8

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:
  2009
£m
2008
£m
Corporate bonds and bank loans 3,586.4 3,999.3

The Group estimates that the fair value of convertible and corporate bonds is £3,676.4 million at 31 December 2009 (2008: £3,630.0 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:
  2009
£m
2008
£m
Within one year 720.7 1,640.8
Between one and two years 845.5
Between two and three years 75.7 200.5
Between three and four years 554.5 53.8
Between four and five years 1,219.3 586.7
Over five years 1,736.9 2,312.8
  4,307.1 5,640.1

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