Notes to the Interim Report & Accounts
(unaudited)
14 Cash and borrowings
|
|
2 February |
3 February |
31July |
|
Cash and cash equivalents |
|
|
|
|
Net cash and deposits including assets of disposal group |
142.6 |
276.4 |
189.3 |
|
Short-term borrowings |
|
|
|
|
Bank overdrafts including impact of cash pooling gross up (note 1 below) |
(138.5) |
(300.5) |
(186.2) |
|
Bank loans |
(1.5) |
(5.9) |
(0.2) |
|
Other loans |
(2.8) |
(3.1) |
(3.1) |
|
B shares |
(18.5) |
|
(18.1) |
|
Interest accrual |
(16.3) |
(19.6) |
(4.5) |
|
Disposal group loans |
|
(4.6) |
|
|
|
(177.6) |
(333.7) |
(212.1) |
|
Long-term borrowings |
|
|
|
|
One to two years |
(0.5) |
(0.3) |
(0.5) |
|
Two to five years |
(479.6) |
(614.2) |
(287.8) |
|
After five years |
(159.8) |
(283.1) |
(278.8) |
|
|
(639.9) |
(897.6) |
(567.1) |
|
Borrowings |
(817.5) |
(1,231.3) |
(779.2) |
|
Net debt |
(674.9) |
(954.9) |
(589.9) |
Total cash and overdrafts, including that disclosed as part of the disposal group, as at 2 February 2008 are as follows:
|
|
2 February |
3 February |
31 July |
|
Cash and cash equivalents |
|
|
|
|
Continuing operations |
142.6 |
274.1 |
186.2 |
|
Disposal group |
|
2.3 |
3.1 |
|
|
142.6 |
276.4 |
189.3 |
|
Bank overdrafts |
|
|
|
|
Continuing operations |
(138.5) |
(299.7) |
(186.2) |
|
Disposal group |
|
(0.8) |
|
|
|
(138.5) |
(300.5) |
(186.2) |
Note 1
IAS 32 requires that cash and overdraft balances within cash pooling systems be reported gross on the balance sheet. The gross up included above amounted at 2 February 2008 to £98.8m (3 February 2007: £243.5m; 31 July 2007: £123.2m).