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National Grid Gas plc Annual Report and Accounts 2010/11 75
10. Creditors (amounts falling due within one year)
2011 2010
£m £m
Derivative financial instruments (note 9) 22 30
Borrowings (note 12) 1,502 1,161
Trade creditors 268 277
A
mounts owed to Group undertakings 74
A
mounts owed to fellow subsidiary undertakings 72 152
Corporation tax 23 -
Social security and other taxes 68 73
Other creditors 44 34
A
ccruals and deferred income 267 273
2,273 2,004
11. Creditors (amounts falling due after more than one year)
2011 2010
£m £m
Derivative financial instruments (note 9) 86 121
Borrowings (note 12) 6,535 6,637
Other creditors 22 4
Deferred income 697 714
7,340 7,476
Deferred income mainly comprises contributions to capital projects.
12. Borrowings
The following table analyses the Company's total borrowings:
2011 2010
£m £m
A
mounts falling due within one year:
Bank loans and overdrafts 310 261
Bonds 97 111
Borrowings from Group undertakings 724 713
Borrowings from fellow subsidiary undertakings 369 74
Other loans 22
1,502 1,161
A
mounts falling due after more than one year:
Bank loans 994 659
Bonds 5,381 5,579
Borrowings from Group undertakings -250
Other loans 160 149
6,535 6,637
Total borrowings 8,037 7,798
Total borrowings are repayable as follows:
Less than 1 year 1,502 1,161
In 1 - 2 years 224 251
In 2 - 3 years 501 222
In 3 - 4 years 133 730
In 4 - 5 years -134
More than 5 years by instalments 51 -
More than 5 years, other than by instalments 5,626 5,300
8,037 7,798
The notional amount outstanding of the Company's debt portfolio at 31 March 2011 was £7,668m (2010: £7,355m).
None of the Company's borrowings are secured by charges over assets of the Company.