Carphone Warehouse 2007 Annual Report Download - page 63

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www.cpwplc.com
20 Cash and cash equivalents, loans and other borrowings continued
Borrowing facilities:
The Group had undrawn committed borrowing facilities at 31 March 2007, in respect of which all conditions precedent had been met, as follows:
2007 2006
£’000 £’000
Maturing in 2009 390,000 410,000
The undrawn committed facilities shown above are the undrawn portion of the £450m RCF.
Debt maturity profile:
The maturity of the Group’s borrowings is as follows:
2007 2006
£’000 £’000
Less than 1 year 22,653 56,733
2 to 3 years 60,000 –
3 to 4 years 273,733 40,000
4 to 5 years 373,904 280,054
Total 730,290 376,787
Currency profile of borrowings:
2007 2006
Sterling Euro Swiss Franc Other Total Sterling Euro Total
By instrument £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Bank loans and overdrafts 130,470 224,757 373,904 676 729,807 130,331 230,898 361,229
Loan notes 483 – – – 483 15,558 – 15,558
Total 130,953 224,757 373,904 676 730,290 145,889 230,898 376,787
Included in other bank loans and overdrafts are South African Rand, Swedish Krona and US Dollar borrowings.
Liquidity risk:
To ensure the continuity of Group funding whilst also minimising the interest cost, borrowings are spread between long-term committed facilities, short-term
uncommitted bank loans and overdrafts with short-term cash surpluses invested overnight.
59
Financial Statements