Carphone Warehouse 2006 Annual Report Download - page 64

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Notes to the Financial Statements continued
19 Cash and cash equivalents, loans and other borrowings continued
Borrowing facilities:
The Group had undrawn committed borrowing facilities at 1 April 2006, in respect of which all conditions precedent had been met, as follows:
2006 2005
£’000 £’000
Maturing in 2009 410,000 275,000
The undrawn committed facilities shown above are the undrawn portion of the £450m RCF.
Debt maturity profile:
The maturity of the Group’s borrowings is as follows:
2006 2005
£’000 £’000
Less than 1 year 56,733 71,994
1 to 2 years –30,000
2 to 3 years –30,000
3 to 4 years 40,000 38,494
4 to 5 years 280,054 –
Total 376,787 170,488
Currency profile of borrowings:
2006 2005
Sterling Euro Total Sterling Euro Total
By instrument £’000 £’000 £’000 £’000 £’000 £’000
Bank loans and overdrafts 130,331 230,898 361,229 28,662 122,146 150,808
Loan notes 15,558 – 15,558 19,680 – 19,680
Total 145,889 230,898 376,787 48,342 122,146 170,488
Liquidity risk:
To ensure the continuity of Group funding whilst also minimising the interest cost, its borrowings are spread between long-term committed facilities, short-term
uncommitted bank loans and, to ensure flexibility, overdrafts whilst short-term cash surpluses are invested overnight.
The Carphone Warehouse Group PLC Annual Report 2006
60