Notes to the Accounts For the year ended 31 December 2007

Previous page | Next page

15. Bank overdrafts and loans

  Group Company
  2007
£'000
2006
£'000
2007
£'000
2006
£'000
Bank overdrafts 47,433 43 47,433
Bank loans 25,300 39,150 25,300 39,150
  72,733 39,193 72,733 39,150

The borrowings stated above are repayable on demand or otherwise within one year.

The carrying amounts of the Group's borrowings are denominated in the following currencies:

31 December 2007 Sterling
£'000
US Dollar
£'000
Total
£'000
Bank overdrafts 47,433 47,433
Bank loans 25,300 25,300
  72,733 72,733
       
31 December 2006      
Bank overdrafts 43 43
Bank loans 39,150 39,150
  39,150 43 39,193

Bank overdrafts are repayable on demand.

At 31 December 2007, the Group had available £31.7m (2006: £10.2m) of undrawn committed borrowing facilities in respect of which all conditions precedent had been met.

The Group's exposure to interest rate, foreign currency and liquidity risk for financial assets and liabilities is disclosed in Note 22.

Back to Top