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48 MARKS AND SPENCER GROUP PLC
Notes to the financial statements continued
17 CURRENT ASSET INVESTMENTS Group
2005 2004
£m £m
Listed investments:
Government securities –86.9
Listed in the United Kingdom 51.0 191.8
Listed overseas 11.4 42.6
Unlisted investments 4.6 4.6
67.0 325.9
Listed investments include £nil (last year £175.5m) in relation to the long-term assurance business.
18 CASH AT BANK AND IN HAND
Cash at bank includes commercial paper and short-term deposits with banks and other financial institutions with initial maturity of three
months or less.
19 ANALYSIS OF FINANCIAL ASSETS
After taking into account the various interest rate swaps entered into by the Group, the currency and interest rate exposure of the Group’s
financial assets is set out below. There are no financial assets other than short-term debtors excluded from this analysis.
A Interest rate and currency analysis
Group
2005 2004
Non-interest Non-interest
Fixed rate Floating rate bearing Total Fixed rate Floating rate bearing Total
Currency £m £m £m £m £m £m £m £m
Sterling 38.8 118.5 74.5 231.8 624.2 1,633.9 110.5 2,368.6
US dollar – 12.9 7.2 20.1 – 15.0 3.7 18.7
Euro – 5.2 12.3 17.5 – 19.6 6.3 25.9
Other – 9.3 5.4 14.7 – 18.5 8.6 27.1
38.8 145.9 99.4 284.1 624.2 1,687.0 129.1 2,440.3
The floating rate sterling, US dollar and euro assets are at interest rates linked to LIBID. The non-interest bearing financial assets are
predominantly cash in tills and uncleared deposits.
B Analysis of fixed interest rate assets Group
2005 2004 2005 2004
Weighted Weighted Weighted average Weighted average
average average period for which period for which
interest rate interest rate rate is fixed rate is fixed
Currency %%Years Years
Sterling 4.8 5.6 0.3 2.5
C Analysis of financial assets Group
2005 2004
£m £m
Current asset investments 67.0 325.9
Cash at bank and in hand 212.6 394.7
Customer advances falling due in more than one year –1,711.6
Fixed asset investments 0.3 1.5
Other amounts receivable after more than one year 4.2 6.6
Financial assets as defined by FRS 13 284.1 2,440.3
Customer advances falling due in less than one year –740.8
Financial assets including short-term customer advances 284.1 3,181.1