Tesco 2006 Annual Report Download - page 110

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108 Tesco plc
Notes to the Parent company financial statements continued
Note 7 Current asset investments and deposits
2006 2005
£m £m
Bonds and certificates of deposit 90 150
Note 8 Other creditors
2006 2005
£m £m
Amounts falling due within one year:
Corporation tax 122 101
Other tax and social security –2
Amounts owed to Group undertakings 1,252 1,957
Other liabilities 2 315
Accruals and deferred income 21 16
1,397 2,391
Note 9 Borrowings
Effective
interest rate
Effective after hedging
Par value interest rate transactions Maturity 2006 2005
% % year £m £m
Bank loans and overdrafts (a) – 4.5 4.5 – 395 329
4% unsecured deep discount loan stock £125m 10.2 10.2 2006 122 116
6% Medium Term Notes (MTN) £150m 6.0 4.9 2006 158 150
0.7% 50bn JPYMTN (b) ¥50bn 0.7 4.8 2006 247 285
7.5% MTN £325m 7.6 4.8 2007 344 325
6% MTN £250m 6.0 4.9 2008 268 250
5.25% 500m EuroMTN (b) €500m 5.3 5.0 2008 366 345
5.125% MTN £350m 5.3 4.8 2009 355 350
6.625% MTN £150m 6.7 6.7 2010 153 150
4.75% 750m Euro MTN (b) €750m 4.8 5.2 2010 548 528
4% RPI MTN (c) £229m 6.5 6.5 2016 236 226
5.5% MTN £350m 5.6 5.6 2019 349 350
3.322% LPI MTN (d) £235m 5.9 5.9 2025 236 228
6% MTN £200m 6.1 6.4 2029 214 200
5.5% MTN £200m 5.6 5.7 2033 213 200
Other MTNs (e) – 2.5 2.5 – 364 334
4,568 4,366
(a) Includes £9m (2005 – £9m) of loans from Joint ventures and Associates.
(b) The MTNs denominated in currencies other than Pounds Sterling have been swapped into Pounds Sterling liabilities.
(c) The 4% RPI MTN is redeemable at par, indexed for increases in the RPI over the life of the bond.
(d) The 3.322% LPI MTN is redeemable at par, indexed for increases in the RPI over the life of the bond. The maximum
indexation of the principal in any one year is 5%, with a minimum of 0%.
(e) The other MTNs are of various maturities and include Pounds Sterling and foreign currency denominated notes.
2006 2005
£m £m
Repayment analysis:
Amounts falling due within one year 1,008 329
Amounts falling due between one and two years 477 655
Amounts falling due between two and five years 1,795 1,452
Amounts falling due after more than five years 1,288 1,930
4,568 4,366