Vodafone 2016 Annual Report Download - page 129

Overview Strategy review Performance Governance Financials Additional information
Vodafone Group Plc
Annual Report 2016
127
The fair value and carrying value of the Group’s long-term borrowings are as follows:
Sterling equivalent nominal value Fair value Carrying value
2016 2015 2016 2015 2016 2015
£m £m £m £m £m £m
Financial liabilities measured at amortised cost: 5,533 5,306 7, 2 6 0 5,346 7,19 2 5,261
Bank loans 5,298 5,173 7,025 5,213 6,957 5 ,12 8
Other liabilities1235 133 235 133 235 133
Bonds: 10,707 6,002 11,475 6,908 11,287 6,684
4.75% euro 500 million bond due June 2016 – 268 – 283 – 287
5.375% sterling 600 million bond due December 2017 549 549 583 605 566 568
5% euro 750 million bond due June 2018 593 542 656 622 617 564
8.125% sterling 450 million bond due November 2018 450 450 524 553 473 476
Floating rate note euro 1,750 million bond due February 2019 1,384 – 1,397 – 1,386 –
1% euro 1,750 million bond due September 2020 1,384 1,265 1,402 1,283 1,383 1,263
0% convertible sterling 600 million bond due November 2020 600 – 600 – 553 –
0.875% euro 750 million bond due November 2020 593 – 597 – 591 –
Floating rate note US dollar 60 million bond due March 2021 42 – 42 – 41 –
1.25% euro 1,250 million bond due August 2021 988 – 1,012 – 985 –
4.65% euro 1,250 million bond due January 2022 988 904 1,192 1,129 1,157 1,081
5.375% euro 500 million bond due June 2022 395 361 497 475 513 484
1.75% euro 1,250 million bond due August 2023 988 – 1,026 – 986 –
1.875% euro 1,000 million bond due September 2025 791 723 817 768 790 721
5.625% sterling 250 million bond due December 2025 250 250 299 313 335 343
5.9% sterling 450 million bond due November 2032 450 450 545 592 647 656
2.75% euro 332 million bond due December 2034 262 240 286 285 264 241
Bonds in designated hedge relationships: 9,680 9,397 10,218 10,201 10,848 10,490
5.625% US dollar 1,300 million bond due February 2017 – 876 – 946 – 920
1.625% US dollar 1,000 million bond due March 2017 – 674 – 679 – 672
1.25% US dollar 1,000 million bond due September 2017 695 674 693 670 694 672
1.5% US dollar 1,400 million bond due February 2018 973 943 973 942 972 941
4.625% US dollar 500 million bond due July 2018 347 337 369 367 376 375
5.45% US dollar 1,250 million bond due June 2019 868 842 957 955 957 938
4.375% US dollar 500 million bond due March 2021 347 337 379 371 363 346
2.5% US dollar 1,000 million bond due September 2022 695 674 694 654 713 667
2.95% US dollar 1,600 million bond due February 2023 1,112 1,078 1,10 0 1,066 1,199 1,121
3.125% norwegian krona 850 million bond due November 2025 71 – 78 – 72 –
2.2% euro 1,750 million bond due August 2026 1,384 – 1,451 – 1,379 –
6.6324% euro 50 million bond due December 2028 40 36 115 109 102 86
7.875% US dollar 750 million bond due February 2030 521 505 665 711 781 771
6.25% US dollar 495 million bond due November 2032 344 333 399 410 454 445
6.15% US dollar 1,700 million bond due February 2037 1,181 1,145 1,327 1,392 1,615 1,578
4.375% US dollar 1,400 million bond due February 2043 973 943 886 929 1,040 958
5.35% US dollar 186 million bond due December 2045 129 – 132 – 131 –
Long-term borrowings 25,920 20,705 28,953 22,455 29,327 22,435
Note:
1 Amounts for 2016 include £69 million in relation to the long-term debt component of the mandatory convertible bonds.
Fair values of bonds and nancial liabilities measured at amortised cost are based on level 1 and 2 of the fair value hierarchy respectively, 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.
Further information can be found in note 23 “Capital and nancial risk management”.