2568.11 kb - Compass Group

65 Compass Group PLC Annual Report 200718 Cash and cash equivalents2007 2006Cash and cash equivalents £m £mCash at bank and in hand 140 153Short-term bank deposits 699 695Cash and cash equivalents 839 8482007 2006Cash and cash equivalents by currency £m £mSterling 685 741US Dollar 45 20Euro 35 53Japanese Yen 5 3Other 69 31Cash and cash equivalents 839 84819 Short-term and long-term borrowings2007 2006Current Non-current Total Current Non-current TotalShort-term and long-term borrowings £m £m £m £m £m £mBank overdrafts 118 – 118 56 – 56Bank loans 19 17 36 15 22 37Loan notes – 380 380 33 421 454Bonds – 1,019 1,019 – 1,350 1,350Borrowings (excluding finance leases) 137 1,416 1,553 104 1,793 1,897Finance leases 14 36 50 15 42 57Borrowings (including finance leases) 151 1,452 1,603 119 1,835 1,954Bank overdrafts principally arise as a result of uncleared transactions. Interest on bank overdrafts is at the relevant money market rates.All amounts due under bonds, loan notes and bank facilities are shown net of unamortised issue costs. Bonds are unsecured and are comprisedas follows:Bonds Nominal value Redeemable InterestEuro Eurobond a300m 2009 6.0%Sterling Eurobond £200m 2010 7.125%Sterling Eurobond £325m 2012 6.375%Sterling Eurobond £250m 2014 7.0%The bond redeemable in 2014 is recorded at its fair value to the Group on acquisition.The Group has fixed term, fixed interest private placements totalling US$769 million (£377 million) at interest rates between 5.11% and 7.955%.US$15 million (£7 million) is repayable in 5 to 10 years. The carrying value of these loan notes is £380m.2007 2006Maturity profile of borrowings (excluding finance leases) £m £mWithin 1 year, or on demand 137 104Between 1 and 2 years 292 7Between 2 and 3 years 224 606Between 3 and 4 years 63 228Between 4 and 5 years 550 72In more than 5 years 287 880Borrowings (excluding finance leases) 1,553 1,897