Report & Accounts - JLT
Report & Accounts - JLT
Report & Accounts - JLT
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Financial StatementsNotes to the Financial Statementsfor the year ended 31st December 200522. Borrowings2005 2004£'000 £'000CurrentBank overdraft 39 1,281Unsecured loan notes & other borrowings 1 315Bank Borrowing 17 24,156Finance lease liabilities 456 380513 26,13280Non currentBank Borrowing 54,418 -Finance lease liabilities 571 75154,989 751Total borrowings 55,502 26,883The borrowings include secured liabilities (leases and borrowings) in a total amount of £1,027,000 (2004: £1,131,000.)The exposure of the borrowings of the Group to interest rate changes and the periods in which the borrowings reprice are as follows:6 months 6-12or less months 1-5 years Over 5 years Fixed rate Total£'000 £'000 £'000 £'000 £'000 £'000Total borrowings 54,442 17 12 - 1,031 55,502Effect of interest rate swaps - - - - - -At 31st December 2005 54,442 17 12 - 1,031 55,502Total borrowings 25,437 - - - 1,446 26,883Effect of interest rate swaps - - - - - -At 31st December 2004 25,437 - - - 1,446 26,883Jardine Lloyd Thompson Group plc Annual <strong>Report</strong> & <strong>Accounts</strong> 2005The effective interest rates at the balance sheet date were as follows:2005 2004£'000 £'000Bank overdraft - 5.20%Unsecured loan notes 7.40% 3.00%Bank borrowings 4.98% 5.30%Finance lease liabilities 7.90% 7.74%The carrying amounts of borrowings are as follows:CarryingFairamounts value2005 2005£'000 £'000CurrentBank overdraft 39 39Unsecured loan notes & other borrowings 1 1Bank Borrowing 17 17Finance lease liabilities 456 456513 513Non currentBank Borrowing 54,418 54,418Finance lease liabilities 571 57154,989 54,989Total borrowings 55,502 55,502