Marks and Spencer 1999 Annual Report Download - page 37

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35
MARKS AN D SPEN CER p.l.c.
16.Analysis of financial assets
After taking into account the various interest rate swaps entered into by the Group, the currency and interest rate exposure of the Group’s financial assets
is set out below.There are no financial assets other than short-term debtors excluded from this analysis.
A INTEREST RATE AND CURRENCY ANALYSIS
THE GRO UP
2000
Non interest 1999
Fixed rate Floating rate bearing Total Total
£m £m £m £m £m
Currency
Sterling 1,667.2
US dollar 75.4
O ther 81.9
1,824.5
The floating rate sterling and US dollar assets are at interest rates linked to LIBO R.The non-interest bearing cash is predominantly cash in tills and
uncleared deposits.
B ANALYSIS OF FIXED INTEREST RATES
FIXED RATE
FIN AN CIAL ASSETS
W eighted average
W eighted average period for which
interest rate rate is fixed
% Years
Currency
Sterling
US dollar
O ther
C ANALYSIS OF FINANCIAL ASSETS
THE GRO UP
2000 1999
£m £m
Cash at bank and in hand 281.5
Current asset investments 204.0
Customer advances falling due in more than one year 1,282.2
Fixed asset investments 37.0
O ther amounts receivable after more than one year 19.8
1,824.5
17. Creditors:amounts falling due within one year
THE GRO UP TH E CO MPAN Y
2000 1999 2000 1999
£m £m £m £m
Bank loans, overdrafts and commercial paper 445.8 –
O ther borrowings (see note 19B) 466.8 –
Trade creditors 214.7 163.7
Amounts owed to Group undertakings ––
Taxation 98.3 72.7
Social security and other taxes 14.1 2.3
O ther creditors(1) 244.5 146.4
Accruals and deferred income 238.4 135.0
Proposed final dividend 307.2 307.2
2,029.8 827.3
(1) O ther creditors include £• m (last year £22.1m) which is shown in the calculation of the Group’s net debt and is treated as financing within the cash
flow statement.
N OTES TO THE FIN AN CIAL STATEMEN TS
ANNUAL REPORT AND FIN ANCIAL STATEMENTS 1999