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80 National Grid Gas plc Annual Report and Accounts 2009/10
11. Creditors (amounts falling due within one year)
2010 2009
£m £m
Derivative financial instruments (note 10) 30 67
Borrowings (note 13) 1,161 1,793
Trade creditors 277 259
A
mounts owed to Group undertakings 48
A
mounts owed to fellow subsidiary undertakings 152 204
Corporation tax -31
Social security and other taxes 73 63
Other creditors 34 30
A
ccruals and deferred income 273 222
2,004 2,677
12. Creditors (amounts falling due after more than one year)
2010 2009
£m £m
Derivative financial instruments (note 10) 121 42
Borrowings (note 13) 6,637 6,871
Other creditors 418
Deferred income 714 716
7,476 7,647
Deferred income mainly comprises contributions to capital projects.
13. Borrowings
The following table analyses the Company's borrowings:
2010 2009
£m £m
A
mounts falling due within one year:
Bank loans and overdrafts 261 286
Bonds 111 625
Borrowings from Group undertakings 713 393
Borrowings from fellow subsidiary undertakings 74 487
Other loans 22
1,161 1,793
A
mounts falling due after more than one year:
Bank loans 659 602
Bonds 5,579 5,641
Borrowings from Group undertakings 250 458
Other loans 149 170
6,637 6,871
Total borrowings 7,798 8,664
Total borrowings are repayable as follows:
In one year or less 1,161 1,793
More than one year, but not more than two years 251 1
More than two years, but not more than three years 222 250
More than three years, but not more than four years 730 221
More than four years, but not more than five years 134 752
More than five years, other than by instalments 5,300 5,647
7,798 8,664
The notional amount outstanding of the Company's debt portfolio at 31 March 2010 was £7,355m (2009: £8,166m).
None of the Company's borrowings are secured by charges over assets of the Company.