BOC Report and accounts 2005 - Alle jaarverslagen
BOC Report and accounts 2005 - Alle jaarverslagen
BOC Report and accounts 2005 - Alle jaarverslagen
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Notes to the financial statements 119<br />
20. Net borrowings <strong>and</strong> finance leases<br />
a) Analysis<br />
Group<br />
Parent<br />
<strong>2005</strong> 2004 <strong>2005</strong> 2004<br />
£ million £ million £ million £ million<br />
Secured<br />
Finance leases 9.1 8.1 – –<br />
Other secured borrowings 13.4 55.2 – –<br />
Unsecured<br />
12 1 /4% Unsecured Loan Stock 2012/2017 100.0 100.0 100.0 100.0<br />
7.45% Guaranteed Notes 2006 141.2 138.1 – –<br />
Pollution Control <strong>and</strong> Industrial Bonds 10.8 16.7 – –<br />
European Investment Bank loans 17.4 15.7 – –<br />
1.00% Euroyen Bond 2006 124.7 125.4 124.7 125.4<br />
5 7 /8% Bonds 2009 200.0 200.0 200.0 200.0<br />
6.50% Bonds 2016 200.0 200.0 200.0 200.0<br />
Medium-term notes 54.8 224.1 54.8 224.1<br />
Commercial paper – 5.5 – –<br />
Other borrowings 159.3 101.8 104.7 77.1<br />
Total borrowings <strong>and</strong> finance leases 1,030.7 1,190.6 784.2 926.6<br />
Less: Cash at bank <strong>and</strong> in h<strong>and</strong> 191.0 228.2 44.3 80.8<br />
Net borrowings <strong>and</strong> finance leases 839.7 962.4 739.9 845.8<br />
A reconciliation of net cash flow to the movement in net debt is given in note 27 b).<br />
b) Maturity<br />
Group<br />
Parent<br />
<strong>2005</strong> 2004 <strong>2005</strong> 2004<br />
£ million £ million £ million £ million<br />
Long <strong>and</strong> medium-term bank loans<br />
Repayable – beyond five years – 17.0 – –<br />
– two to five years 7.5 26.1 (1.5) 0.2<br />
– one to two years 28.3 45.4 1.7 (2.9)<br />
Loans other than from banks<br />
Repayable – beyond five years 302.8 303.5 298.5 298.3<br />
– two to five years 279.2 383.6 253.6 378.9<br />
– one to two years 147.1 147.4 124.7 –<br />
Finance leases – repayable beyond one year 6.6 5.5 – –<br />
Borrowings <strong>and</strong> finance leases (note 19 a)) 771.5 928.5 677.0 674.5<br />
Short-term – repayable within one year<br />
Bank loans <strong>and</strong> overdrafts 110.2 80.1 107.2 83.2<br />
Loans other than from banks 146.5 179.4 – 168.9<br />
Finance leases 2.5 2.6 – –<br />
Total borrowings <strong>and</strong> finance leases 1,030.7 1,190.6 784.2 926.6<br />
Less: Cash at bank <strong>and</strong> in h<strong>and</strong> 191.0 228.2 44.3 80.8<br />
Net borrowings <strong>and</strong> finance leases 839.7 962.4 739.9 845.8<br />
<strong>2005</strong> 2004<br />
Finance Other Finance Other<br />
leases borrowings Total leases borrowings Total<br />
£ million £ million £ million £ million £ million £ million<br />
Repayment profile of borrowings <strong>and</strong> finance leases<br />
Long-term repayable<br />
– beyond five years 1.1 302.8 303.9 – 320.5 320.5<br />
– four to five years 0.8 0.1 0.9 0.1 201.4 201.5<br />
– three to four years 1.0 200.3 201.3 0.8 58.6 59.4<br />
– two to three years 1.5 86.3 87.8 2.6 149.7 152.3<br />
– one to two years 2.2 175.4 177.6 2.0 192.8 194.8<br />
Total 6.6 764.9 771.5 5.5 923.0 928.5
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