Guinness Peat Group plc Cash Offer Facility for Staveley Industries plc

12. BorrowingsAmounts falling due:Withinone year£m2000 1999After Withinone year one year£m£mAfterone year£m6.64% senior notes — — 24.9 —Bank loans and overdrafts 24.9 — — 28.5Total 24.9 — 24.9 28.5The senior notes were repaid on 20 July 1999.2000£m1999£mBank loans and overdrafts are repayable:Within one year 24.9 —Between 2 and 5 years — 28.5Total 24.9 28.5Bank loans of £24.9 million in the group bear interest at rates ranging from 6.97% to7.06%. They were repaid on 10 April 2000 following the sale of the salt business.13. Other Creditors2000£m1999£mPayments received on account 13.6 11.5Trade creditors 42.9 40.1Other creditors including taxation and social security 7.4 6.3Accruals and deferred income 13.5 13.477.4 71.3Other creditors including taxation and social security includes corporate taxation of£2.5 million (1999: £1.8 million) in the group.50