Ardagh Glass Finance plc - Irish Stock Exchange

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
14. Financial assets and liabilities (Continued)
The exposure of the Group’s borrowings to interest rate changes and contractual repricing dates at
the balance sheet date are as follows:
2008 2007
E’000 E’000
Within 1 year ................................................... 433,491 385,968
1–5 years ...................................................... 19,627 33,880
Greater than 5 years .............................................. 483,573 488,217
936,691 908,065
The effective interest rates at the balance sheet date are as follow:
2008 2007
E £ E £
7.125% Senior Notes due 2017 .............................. 7.59% — 7.73% —
8 7 ⁄8% Senior Notes due 2013 ............................... 9.39% — 9.39% —
Invoice discounting ...................................... — 3.50% — 6.50%
Bank borrowings ........................................ 7.08% 8.80% 6.88% 6.80%
The carrying amounts of the Group’s borrowings are denominated in the following currencies:
2008 2007
E’000 E’000
Euro ......................................................... 857,710 811,850
Pound Sterling .................................................. 78,981 96,215
936,691 908,065
The Group has the following undrawn borrowing facilities:
2008 2007
E’000 E’000
Floating rate:
—Expiring within one year ......................................... 16,600 47,800
—Expiring beyond one year ......................................... 84,100 140,100
100,700 187,900
The facilities expiring within one year are annual facilities subject to review at various dates during
2009.
F-45