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Notes to the accounts
17 Current asset investments
48 J Sainsbury plc Annual report and accounts 1999
Group
1999 1998
£m £m
Investments listed on a recognised stock exchange at cost (equivalent to market value) 2 1
Other unlisted investments 15 13
18 Current assets and creditors of Sainsbury’s Bank
17 14
Group
1999 1998
£m £m
Current assets
Treasury bills and other eligible bills 83 111
Loans and advances to banks 1,212 1,302
Loans and advances to customers* 398 164
Debt securities 48 –
Prepayments and accrued income 25 7
1,766 1,584
Creditors: due within one year
Customer accounts 1,653 1,492
Accruals and deferred income 16 10
* Loans and advances to customers include £100 million (1998: £63 million) of loans and advances repayable in more than one year (see note 21).
In addition to the above assets, Sainsbury’s Bank plc had other assets of £4 million at 3 April 1999.
19 Creditors
1,669 1,502
Group Company
1999 1998 1999 1998
£m £m £m £m
Due within one year:
Borrowings:
Bank loans and overdrafts 293 268 174 57
Short-term notes 368 162 368 162
Current portion of long-term indebtedness including obligations under finance leases 4 6 – –
Total short-term borrowings 665 436 542 219
Trade creditors 1,084 902 – –
Amounts due to subsidiaries 33 33
Corporation tax 185 239 8 19
Social security and other taxes 89 64 – –
Other creditors 469 504 13 17
Accruals 171 161 22 37
Proposed dividend 217 193 217 193
2,880 2,499 835 518