Brambles 2006 Annual Report - Alle jaarverslagen

132
Brambles
2006 Annual Report
NOTES TO AND FORMING PART OF
THE CONSOLIDATED FINANCIAL STATEMENTS continued
for the year ended 30 June 2006
Note 30.
Financial instruments continued
Fixed interest rate
2005
Floating
interest rate
US$m
Year 1
US$m
Year 2
US$m
Year 3
US$m
Year 4
US$m
Year 5
US$m
Over 5
years
US$m
Financial assets
Cash at bank 176.7 – – – – – – 176.7
Short term deposits – 11.4 – – – – – 11.4
176.7 11.4 – – – – – 188.1
Weighted average effective interest rate 2.5% 1.8% – – – – – 2.5%
Financial liabilities
Bank overdrafts 0.1 – – – – – – 0.1
Bank loans 1,950.7 – – – – – – 1,950.7
Loan notes – – – – – – 425.0 425.0
Finance lease liabilities – 4.4 3.9 3.4 2.0 2.0 – 15.7
Deferred consideration on acquisitions – 0.9 4.0 – – – – 4.9
Interest rate swaps (1,086.6) 627.6 210.5 226.0 22.5 – – –
864.2 632.9 218.4 229.4 24.5 2.0 425.0 2,396.4
Weighted average effective interest rate 5.0% 4.2% 4.1% 6.8% 4.8% 4.2% 5.7% 4.8%
c) Currency profile
The following table sets out the currency mix profile of Brambles’ financial instruments:
2006 US dollar
US$m
Financial assets
Aust. dollar
US$m
Sterling
US$m
Euro
US$m
Other
US$m
Total
US$m
Total
US$m
Cash at bank and in hand 5.6 23.2 7.6 37.8 39.2 113.4
Short term deposits – – – 0.1 15.9 16.0
Interest rate swaps 9.1 – 0.3 – – 9.4
Forward foreign currency contracts – 51.5 1.2 534.3 – 587.0
14.7 74.7 9.1 572.2 55.1 725.8
Financial liabilities
Bank loans 383.3 304.5 503.3 2.0 102.0 1,295.1
Loan notes 440.5 – – – – 440.5
Finance lease liabilities 0.4 – 3.1 8.5 1.2 13.2
Deferred consideration on acquisitions – 0.5 4.2 – 1.3 6.0
Interest rate swaps – – 0.3 – – 0.3
Forward foreign currency contracts 14.9 – 534.3 – 36.0 585.2
Net investment hedge – – – 64.7 – 64.7
839.1 305.0 1,045.2 75.2 140.5 2,405.0