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
Notes 16-20
For the year ended 31 December 2010
- 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
20. Bank overdrafts, bonds and bank loans
Amounts falling due within one year:
| 2010 £m | 2009 £m |
|
|---|---|---|
| Bank overdrafts | 255.4 | 720.7 |
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:
| 2010 £m | 2009 £m |
|
|---|---|---|
| Corporate bonds and bank loans | 3,598.2 | 3,586.4 |
The Group estimates that the fair value of convertible and corporate bonds is £4,034.1 million at 31 December 2010 (2009: £3,676.4 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 liabilities fall due for repayment as follows:
| 2010 £m | 2009 £m |
|
|---|---|---|
| Within one year | 255.4 | 720.7 |
| Between one and two years | 94.2 | – |
| Between two and three years | 539.4 | 75.7 |
| Between three and four years | 1,249.1 | 554.5 |
| Between four and five years | 448.2 | 1,219.3 |
| Over five years | 1,267.3 | 1,736.9 |
| 3,853.6 | 4,307.1 |