- prev: 15 Cash and cash equivalents
- next: 17 Trade and other payables
- back: Notes to financial statements menu
| 2005 £m |
2004 £m |
|
|---|---|---|
| Overdrafts | 12 | 13 |
| Bank loans | 55 | 5 |
| Obligations under finance leases (note 29) | 8 | 12 |
| 4½% Notes 20051 | — | 177 |
| 75 | 207 |
- The Group borrowed through a subsidiary company €256m in order to provide a loan for general purposes. This note was the subject of currency swap agreements under which counterparties undertook to pay amounts at fixed rates of interest and exchange in consideration for amounts payable by the subsidiary at variable rates of interest at fixed exchange rates.