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35 Annual Report and Financial Statements 2000
16. CURRENT ASSET INVESTMENTS THE GROUP THE COMPANY
2000 1999 2000 1999
£m £m £m £m
Listed investments:
Government securities 74.0 69.0 ––
Listed in the United Kingdom 47.0 39.4 ––
Listed overseas 59.8 54.4 ––
Unlisted investments 11.6 41.2 ––
Short-term deposits(1) 194.0 –––
386.4 204.0 ––
(1) Short-term deposits comprise deposits with banks and other financial institutions with initial maturity of more than three months.
17. CASH AT BANK AND IN HAN D
Cash at bank includes commercial paper and short-term deposits with banks and other financial institutions with initial maturity of
three months or less.
18. 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 GROUP
2000 1999
NON-INTEREST NON-INTEREST
FIXED RATE FLOATING RATE BEARING TOTAL FIXED RATE FLOATING RATE BEARING TOTAL
£m £m £m £m £m £m £m £m
Currency
Sterling 96.7 1,912.0 77.1 2,085.8 112.6 1,525.3 29.3 1,667.2
US dollar 17.0 29.4 4.0 50.4 9.9 62.4 3.1 75.4
Other 21.2 39.7 10.9 71.8 32.1 36.2 13.6 81.9
134.9 1,981.1 92.0 2,208.0 154.6 1,623.9 46.0 1,824.5
The floating rate sterling and US dollar assets are at interest rates linked to LIBOR. The non-interest bearing cash is predominantly cash
in tills and uncleared deposits.
B Analysis of fixed interest rates FIXED RATE FINANCIAL ASSETS
2000 1999 2000 1999
WEIGHTED AVERAGE WEIGHTED AVERAGE
WEIGHTED AVERAGE WEIGHTED AVERAGE PERIOD FOR WHICH PERIOD FOR WHICH
INTEREST RATE INTEREST RATE RATE IS FIXED RATE IS FIXED
% % YEARS YEARS
Currency
Sterling 7.0 6.7 7.5 5.1
US dollar 6.0 6.4 7.3 8.9
Other 4.4 6.2 6.1 3.0
C Analysis of financial assets THE GROUP
2000 1999
£m £m
Cash at bank and in hand 301.1 281.5
Current asset investments 386.4 204.0
Customer advances falling due in more than one year 1,478.1 1,282.2
Fixed asset investments 29.6 37.0
Other amounts receivable after more than one year 12.8 19.8
Financial assets as defined by FRS13 2,208.0 1,824.5
Customer advances falling due in less than one year 663.3 653.0
Financial assets including short-term customer advances 2,871.3 2,477.5