Vodafone 2013 Annual Report Download - page 127

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The fair value and carrying value of the Group’s long-term borrowings is as follows:
Sterling equivalent
nominal value Fair value Carrying value
2013 2012 20132012 2013 2012
£m £m £m £m £m £m
Financial liabilities measured at amortised cost:
Bank loans 4,200 5,336 4,326 5,625 4,281 5,624
Redeemable preference shares 1,086 1,032 1,020 1,199 1,355 1,281
Other liabilities 731 2,325 821 2,472 753 2,417
Bonds: 14,456 13,184 15,986 14,746 15,698 14,463
Czech koruna oating rate note due June 2013 – 18 – 18 – 18
Euro oating rate note due September 2013 – 638 – 641 – 638
5.0% US dollar 1,000 million bond due December 2013 – 625 – 669 – 657
6.875% euro 1,000 million bond due December 2013 – 763 – 834 – 786
Euro oating rate note due June 2014 949 938 952 939 951 938
4.15% US dollar 1,250 million bond due June 2014 795 755 828 808 810 773
4.625% sterling 350 million bond due September 2014 304 304 319 325 320 326
4.625% sterling 525 million bond due September 2014 525 525 552 562 541 541
5.125% euro 500 million bond due April 2015 422 417 4 61 463 446 442
5.0% US dollar 750 million bond due September 2015 494 469 543 528 521 505
3.375% US dollar 500 million bond due November 2015 329 313 349 335 331 314
6.25% euro 1,250 million bond due January 2016 949 938 1,091 1,094 964 953
0.9% US dollar 900 million bond due February 2016 592 –592 –592 –
US dollar oating rate note due February 2016 461 –460 –4 61 –
2.875% US dollar 600 million bond due March 2016 395 375 416 393 394 374
5.75% US dollar 750 million bond due March 2016 494 469 561 543 536 522
4.75% euro 500 million bond due June 2016 422 417 474 469 455 455
5.625% US dollar 1,300 million bond due February 2017 856 813 995 954 937 908
1.625% US dollar 1,000 million bond due March 2017 658 625 665 624 655 621
1.25% US dollar 1,000 million bond due September 2017 658 –654 –655 –
5.375% sterling 600 million bond due December 2017 552 552 646 632 571 573
1.5% US dollar 1,400 million bond due February 2018 921 –922 –917
5% euro 750 million bond due June 2018 633 625 750 726 658 650
4.625% US dollar 500 million bond due July 2018 329 –376 –387 –
8.125% sterling 450 million bond due November 2018 450 450 598 589 483 485
4.375% US dollar 500 million bond due March 2021 329 313 371 348 327 310
7.875% US dollar 750 million bond due February 2030 494 469 699 648 778 751
6.25% US dollar 495 million bond due November 2032 326 310 399 377 442 424
6.15% US dollar 1,700 million bond due February 2037 1,119 1,063 1,313 1,227 1,566 1,499
Bonds in fair value hedge relationships: 6,287 3,882 6,969 4,541 7, 021 4,577
2.15% Japanese yen 3,000 million bond due April 2015 21 23 22 24 21 23
5.375% US dollar 900 million bond due January 2015 592 563 641 628 633 621
4.625% US dollar 500 million bond due July 2018 – 313 – 354 – 367
5.45% US dollar 1,250 million bond due June 2019 823 782 980 920 957 898
4.65% euro 1,250 million bond due January 2022 1,055 1,042 1,270 1,203 1,236 1,17 2
5.375% euro 500 million bond due June 2022 422 417 530 501 558 532
2.5% US dollar 1,000 million bond due September 2022 658 – 633 – 643 –
2.95% US dollar 1,600 million bond due February 2023 1,053 – 1,050 – 1,054 –
5.625% sterling 250 million bond due December 2025 250 250 308 294 338 324
6.6324% euro 50 million bond due December 2028 42 42 94 86 77 67
5.9% sterling 450 million bond due November 2032 450 450 560 531 598 573
4.375% US dollar 1,400 million bond due February 2043 921 – 881 – 906 –
Long-term borrowings 26,760 25,759 29,122 28,583 29,108 28,362
Fair values are calculated using quoted market prices or discounted cash ows with a discount rate based upon forward interest rates available to the
Group at the reporting date.
125 Vodafone Group Plc
Annual Report 2013
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