2568.11 kb - Compass Group

89 Compass Group PLC Annual Report 20074 Creditors continuedBonds are unsecured and are comprised as follows:Bonds Nominal value Redeemable InterestEuro Eurobond r300m 2009 6.0%Sterling Eurobond £200m 2010 7.125%Sterling Eurobond £325m 2012 6.375%Sterling Eurobond £250m 2014 7.0%Euro Eurobonds with nominal value r450 million redeemable in 2009 were repurchased during the current year leaving r300 million outstanding.The Company has fixed term, fixed interest private placements totalling US$769 million (£377 million) at interest rates between 5.11% and7.955%. US$15 million (£7 million) is repayable in 5 to 10 years.The deferred tax liability arose on marking to market interest rate swaps.5 Maturity of financial liabilities, other creditors and derivative financial instrumentsThe maturity of financial liabilities, other creditors and derivative financial instruments as at 30 September 2007 is as follows:2007 2006Bonds and Loans and Bonds and Loans andMaturityloan notes overdrafts Other Total loan notes overdrafts Other Total£m £m £m £m £m £m £m £mIn more than 1 year but not more than 2 years 285 4 3 292 – 98 2 100In more than 2 years but not more than 5 years 832 7 (1) 838 894 11 (7) 898In more than 5 years 260 – – 260 855 – 3 858In more than 1 year 1,377 11 2 1,390 1,749 109 (2) 1,856In 1 year or less, or on demand – 282 (7) 275 26 304 (7) 323Total 1,377 293 (5) 1,665 1,775 413 (9) 2,179Other includes the debtor and creditor amounts associated with derivative financial instruments and the associated deferred tax liability.2007 2006Bank loans £m £mAmounts repayable by instalments falling due between 1 and 5 years 12 17Amounts repayable by instalments falling due within 1 year 4 4Amounts repayable by instalments falling due within 5 years 16 21Amounts repayable otherwise than by instalments falling due between 1 and 5 years 4 92Amounts repayable otherwise than by instalments falling due within 1 year – –Amounts repayable otherwise than by instalments falling due within 5 years 4 926 Derivative financial instruments2007 2006Financial Financial Financial Financialassets liabilities assets liabilitiesDerivative financial instruments £m £m £m £mInterest rate swaps:Fair value hedges 13 (15) 22 (18)Cash flow hedges – – – –Not in a hedging relationship 2 – 9 (1)Currency swaps:Cross currency swaps – – – (1)Other:Forward foreign exchange contracts 5 – – –Derivative financial instruments 20 (15) 31 (20)