Marks and Spencer 2001 Annual Report Download - page 34

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34 Marks and Spencer p.l.c.
16. Current asset investments The Group The Company
2001 2000 2001 2000
£m £m £m £m
Listed investments:
Government securities 141.5 74.0 ––
Listed in the United Kingdom 57.6 47.0 ––
Listed overseas 50.4 59.8 ––
Unlisted investments 10.5 11.6 ––
Short-term deposits1–194.0 ––
260.0 386.4 ––
1Short-term deposits comprise deposits with banks and other financial institutions with initial maturity of more than three months.
17. Cash at bank and in hand
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
2001 2000
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 141.2 1,740.5 87.8 1,969.5 96.7 1,912.0 77.1 2,085.8
US dollar 11.5 30.1 2.0 43.6 17.0 29.4 4.0 50.4
Euro 14.1 21.7 11.1 46.9 16.5 20.8 9.2 46.5
Other 10.7 22.4 1.5 34.6 4.7 18.9 1.7 25.3
177.5 1,814.7 102.4 2,094.6 134.9 1,981.1 92.0 2,208.0
The floating rate sterling and US dollar assets are at interest rates linked to LIBID. The non-interest bearing cash is
predominantly cash in tills and uncleared deposits.
B Analysis of fixed interest rate Fixed rate financial assets
2001 2000 2001 2000
Weighted Weighted average Weighted average
average Weighted average period for which period for which
interest rate interest rate rate is fixed rate is fixed
%%Years Years
Currency
Sterling 6.7 7.0 9.0 7.5
US dollar 6.5 6.0 11.1 7.3
Euro 5.1 4.6 6.0 7.3
Other 2.3 2.6 8.2 3.6
C Analysis of financial assets The Group
2001 2000
£m £m
Cash at bank and in hand 154.4 301.1
Current asset investments 260.0 386.4
Customer advances falling due in more than one year 1,630.1 1,478.1
Fixed asset investments 38.5 29.6
Other amounts receivable after more than one year 11.6 12.8
Financial assets as defined by FRS13 2,094.6 2,208.0
Customer advances falling due in less than one year 629.1 663.3
Financial assets including short-term customer advances 2,723.7 2,871.3
Notes to the financial statements