Marks and Spencer 2006 Annual Report Download - page 92

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90 Marks and Spencer Group plc
Notes to the financial statements continued
30 ANALYSIS OF NET DEBT continued
B Reconciliation of net debt to balance sheet
2006 2005
£m £m
Balance sheet and related notes
Cash and cash equivalents 362.6 212.6
Current financial assets (see note 17) 48.8 67.0
Bank loans, overdrafts and commercial paper (see note 21) (90.0) (212.9)
Syndicated bank facility (see note 21) –(200.0)
Medium term notes (see note 21) (1,680.0) (1,646.9)
Securitised loan notes (see note 21) (311.7) (313.6)
Finance lease liabilities (see note 21) (50.2) (53.9)
Non-equity B shares (see note 21) (54.7) –
(1,775.2) (2,147.7)
Financial assets included within assets of discontinued operation (see note 7C) 21.7 –
Interest payable included within related borrowing 24.2 –
(1,729.3) (2,147.7)
31 FOREIGN EXCHANGE RATES
Weighted average Weighted average
sales rate profit rate Balance sheet rate
2006 2005 2006 2005 2006 2005
Euro 1.47 1.46 1.47 1.46 1.43 1.46
US dollar 1.78 1.85 1.79 1.86 1.74 1.89
Hong Kong dollar 13.85 14.41 13.89 14.47 13.48 14.73