Vodafone 2012 Annual Report Download - page 131

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Business review Performance Governance Financials Additional information
129
Vodafone Group Plc
Annual Report 2012
The fair value and carrying value of the Group’s long-term borrowings is as follows:
Sterling equivalent
nominal value Fair value Carrying value
2012 2011 2012 2011 2012 2011
£m £m £m £m £m £m
Financial liabilities measured at amortised cost:
Bank loans 5,336 5,728 5,625 5,872 5,624 5,873
Redeemable preference shares 1,032 1,027 1,199 1,054 1,281 1,169
Other liabilities 2,325 1,022 2,472 1,023 2,417 1,022
Bonds: 13,184 14,581 14,746 15,578 14,463 16,046
3.625% euro 1,250million bond due November 2012 – 1,104 – 1,125 – 1,132
6.75% Australian dollar 265million bond due January 2013 – 171 – 173 – 176
Czech kurona oating rate note due June 2013 18 19 18 19 18 19
Euro oating rate note due September 2013 638 751 641 752 638 752
5.0% US dollar 1,000million bond due December 2013 625 623 669 676 657 667
6.875% euro 1,000million bond due December 2013 763 883 834 970 786 922
Euro oating rate note due June 2014 938 1,104 939 1,099 938 1,105
4.15% US dollar 1,250million bond due June 2014 755 778 808 826 773 802
4.625% sterling 350million bond due September 2014 304 350 325 367 326 382
4.625% sterling 525million bond due September 2014 525 525 562 551 541 544
5.125% euro 500million bond due April 2015 417 442 463 475 442 470
5.0% US dollar 750million bond due September 2015 469 467 528 506 505 512
3.375% US dollar 500million bond due November 2015 313 311 335 317 314 312
6.25% euro 1,250million bond due January 2016 938 1,104 1,094 1,230 953 1,139
2.875% US dollar 600million bond due March 2016 375 374 393 371 374 371
5.75% US dollar 750million bond due March 2016 469 467 543 523 522 532
4.75% euro 500million bond due June 2016 417 442 469 463 455 487
5.625% US dollar 1,300million bond due February 2017 813 809 954 897 908 920
1.625% US dollar 1,000million bond due March 2017 625 – 624 – 621 –
5.375% sterling 600million bond due December 2017 552 600 632 638 573 629
5% euro 750million bond due June 2018 625 663 726 697 650 689
8.125% sterling 450million bond due November 2018 450 450 589 550 485 488
4.375% US dollar 500million bond due March 2021 313 311 348 307 310 309
7.875% US dollar 750million bond due February 2030 469 467 648 591 751 759
6.25% US dollar 495million bond due November 2032 310 308 377 332 424 425
6.15% US dollar 1,700million bond due February 2037 1,063 1,058 1,227 1,123 1,499 1,503
Bonds in fair value hedge relationships: 3,882 3,962 4,541 4,199 4,577 4,265
2.15% Japanese yen 3,000million bond due April 2015 23 23 24 24 23 23
5.375% US dollar 900million bond due January 2015 563 560 628 616 621 621
4.625% US dollar 500million bond due July 2018 313 311 354 327 367 338
5.45% US dollar 1,250million bond due June 2019 782 778 920 850 898 823
4.65% euro 1,250million bond January 2022 1,042 1,104 1,203 1,115 1,172 1,114
5.375% euro 500million bond June 2022 417 442 501 470 532 505
5.625% sterling 250million bond due December 2025 250 250 294 258 324 284
6.6324% euro 50million bond due December 2028 42 44 86 68 67 57
5.9% sterling 450million bond due November 2032 450 450 531 471 573 500
Long-term borrowings 25,759 26,320 28,583 27,726 28,362 28,375
Fair values are calculated using quoted market prices or discounted cashows with a discount rate based upon forward interest rates available to the
Group at the reporting date.