Tesco 2009 Annual Report Download - page 105

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103
FINANCIAL STATEMENTS
Tesco PLC Annual Report and Financial Statements 2009
To find out more go to
www.tesco.com/annualreport09
Note 23 Financial risk factors continued
Due Due Due Due
Due between between between between Due
within 1 and 2 2 and 3 3 and 4 4 and 5 beyond
1 year years years years years 5 years
At 28 February 2009 £m £m £m £m £m £m
Non derivative financial liabilities
Bank and other borrowings (3,616) (971) (873) (1,931) (225) (7,943)
Interest payments on borrowings (560) (549) (514) (486) (411) (5,045)
Customer deposits – TPF (4,538) – – – – –
Deposits by banks – TPF (24) – – – – –
Finance leases (55) (51) (48) (32) (9) (172)
Trade and other payables (8,522) (34) (5) (2) (4) (23)
Derivative and other financial liabilities
Net settled derivative contracts – receipts 104 17 9 5 4 1
Net settled derivative contracts – payments (245) (30) (19) (23) (13) (112)
Gross settled derivative contracts – receipts 4,657 1,186 1,247 404 708 5,707
Gross settled derivative contracts – payments (4,577) (957) (1,053) (313) (671) (4,652)
Future purchases of minority interests (93) – (87) (20) – –
Total (17,469) (1,389) (1,343) (2,398) (621) (12,239)
Due Due Due Due
Due between between between between Due
within 1 and 2 2 and 3 3 and 4 4 and 5 beyond
1 year years years years years 5 years
At 23 February 2008 £m £m £m £m £m £m
Non derivative financial liabilities
Bank and other borrowings (2,018) (287) (795) (398) (47) (4,714)
Interest payments on borrowings (298) (272) (229) (211) (198) (4,906)
Finance leases (62) (54) (50) (46) (30) (130)
Trade and other payables (7,277) (14) (13) (2) (6) (7)
Derivative and other financial instruments
Net settled derivative contracts – receipts 7 – – – – –
Net settled derivative contracts – payments (230) (16) (9) (9) (9) (172)
Gross settled derivative contracts – receipts 2,968 255 705 484 297 3,207
Gross settled derivative contracts – payments (2,827) (286) (677) (452) (304) (3,280)
Future purchases of minority interests – (70) – (166) (34) –
Total (9,737) (744) (1,068) (800) (331) (10,002)
Sensitivity analysis at 28 February 2009
Financial instruments affected by market risk include borrowings, deposits and derivative financial instruments. The following analysis, required by
IFRS 7 ‘Financial Instruments: Disclosures’, is intended to illustrate the sensitivity to changes in market variables, being UK interest rates, and foreign
exchange risk.