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

For the year ended 31 December 2010

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