Tesco 2003 Annual Report Download - page 40

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NOTE 17 Creditors falling due within one year
Group Company
2003 2002 2003 2002
£m £m £m £m
Bank loans and overdrafts (a) 1,286 1,474 1,162 1,890
Trade creditors 2,196 1,830 – –
Amounts owed to Group undertakings – – 351 2,455
Corporation tax 230 259 5 5
Other taxation and social security 170 52 – –
Other creditors 853 732 20 18
Accruals and deferred income (b) 263 164 105 56
Finance leases (note 22) 55 15 – –
Dividends 319 283 318 283
5,372 4,809 1,961 4,707
(a) Bank deposits in subsidiary undertakings of £299m (2002 – £1,636m) have been offset against borrowings in the parent company under a legal right
of set-off.
(b) A gain of £45m, realised in a prior year, on terminated interest rate swaps is being spread over the life of replacement swaps entered into at the same
time for similar periods. Accruals and deferred income includes £nil (2002 – £2m) attributable to these realised gains.
NOTE 18 Creditors falling due after more than one year
Group Company
2003 2002 2003 2002
£m £m £m £m
4% unsecured deep discount loan stock 2006 (a) 104 99 104 99
Finance leases (note 22) 171 14 – –
6% bonds 2006 (b) 150 150 150 150
0.7% 50bn Yen bonds 2006 (j) 285 285 285 285
71⁄2% bonds 2007 (c) 325 325 325 325
6% bonds 2008 (d) 250 250 250 250
51⁄4% 500m Euro bonds 2008 (j) 308 – 308 –
51⁄8% bonds 2009 (e) 350 350 350 350
65⁄8% bonds 2010 (f) 150 150 150 150
43⁄4% 750m Euro bonds 2010 (j) 477 – 477 –
4% RPI bonds 2016 (g) 212 210 212 210
51⁄2% bonds 2019 (j) 350 – 350 –
3.322% LPI bonds 2025 (h) 215 162 215 162
6% bonds 2029 (i) 200 200 200 200
51⁄2% bonds 2033 (j) 200 – 200 –
Other bonds (j) 197 191 196 191
Other loans (k) 90 355 – 237
4,034 2,741 3,772 2,609
Other creditors 15–––
4,049 2,741 3,772 2,609
38 TESCO PLC
notes to the financial statements continued