BT 2015 Annual Report Download - page 187

185
Overview
The Strategic Report
Purpose and strategy Delivering our strategy Group performance Governance Financial statements
Additional information
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The carrying amount of commercial paper, other loans and bank overdrafts equates to fair value due to the short maturity of these items.
he interest rates paable on loans and borrowins disclosed above reect the coupons on the underlin issued loans and borrowins and
not the interest rates achieved through applying associated cross-currency and interest rate swaps in hedge arrangements.
Loans and other borrowings are analysed as follows:
At 31 March
2015
£m
2014
£m
Current liabilities
Listed bonds 1,422 1,349
Finance leases 13 14
Commercial paper – 324
Other loans and bank overdrafts 465 186
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Non-current liabilities
Listed bonds 7,642 7,689
Finance leases 225 250
Other loans and borrowings 1 2
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he carrin values disclosed in the above table reect balances at aortised cost adusted for accrued interest and current fair value adustents
to the relevant loans or borrowins. hese do not reect the final principal repaents that will arise after tain account of the relevant derivatives
in hedin relationships which are reected in the table below. part fro finance leases all borrowins as at 1 arch 01 and 01 were
unsecured.
he principal repaents of loans and borrowins at heded rates aounted to 90 011 99 and repaents fall due as follows
At 31 March
2015 2014
Carrying
amount
£m
ect of
hedging
and
interest
£m
Principal
repayments
at hedged
a rates
£m
Carrying
amount
£m
ect of
hedging
and
interest
£m
Principal
repayments
at hedged
a rates
£m
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Between one and two years 1,431  1,383 1,291  1,284
Between two and three years 1,251 191 1,060 1,353 36 1,389
Between three and four years 549 1 498 1,172 111 1,061
etween four and five ears 1,033 89 1,122 492 7 499
fter five ears 3,461 19 3,263 3,572 13,573
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Fair value adjustments for hedged risk 143 61
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