Tesco 2001 Annual Report Download - page 33
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NOTE 17 Creditors falling due within one year
Group Company
2001 2000 2001 2000
£m £m £m £m
Bank loans and overdrafts (a) (b) 1,389 832 1,312 1,327
Trade creditors 1,538 1,248 – –
Amounts owed to Group undertakings – – 876 905
Other creditors 627 603 55 19
Corporation tax 292 282 26 33
Other taxation and social security 114 78 – 1
Accruals and deferred income (c) 159 217 3 28
Finance leases (note 22) 24 15 – –
Dividends 246 212 246 212
4,389 3,487 2,518 2,525
a Bank deposits at subsidiary undertakings of £847m (2000 – £746m) have been offset against borrowings in the parent company under a legal right of set-off.
b Includes £12m (2000 – £11m) secured on various properties.
cA gain of £45m, realised in a prior year, on terminated interest rate swaps is being spread over the life of replacement swaps entered into at the same time for similar
periods. Accruals and deferred income include £5m (2000 – £6m) attributable to these realised gains with £2m (2000 – £6m) being included in other creditors falling
due after more than one year (note 18).
NOTE 18 Creditors falling due after more than one year
Group Company
2001 2000 2001 2000
£m £m £m £m
4% unsecured deep discount loan stock 2006 (a) 94 90 94 90
Finance leases (note 22) 17 51 – –
103⁄8% bonds 2002 (b) – 200 – 200
83⁄4% bonds 2003 (c) 200 200 200 200
71⁄2% bonds 2007 (d) 325 325 325 325
51⁄8% bonds 2009 (e) 350 350 350 350
65⁄8% bonds 2010 (f) 150 – 150 –
4% RPI bonds 2016 (g) 203 – 203 –
6% bonds 2029 (h) 200 200 200 200
Medium term notes (i) 60 127 60 127
Other loans (j) 326 16 237 –
1,925 1,559 1,819 1,492
Accruals and deferred income (note 17) 26––
1,927 1,565 1,819 1,492
a The 4% unsecured deep discount loan stock is redeemable at a par value of £125m in 2006.
b The 103⁄8% bonds are redeemable at a par value of £200m in 2002.
c The 83⁄4% bonds are redeemable at a par value of £200m in 2003.
d The 71⁄2% bonds are redeemable at a par value of £325m in 2007.
e The 51⁄8% bonds are redeemable at a par value of £350m in 2009.
f The 65⁄8% bonds are redeemable at a par value of £150m in 2010.
g The 4% RPI bonds are redeemable at a par value of £200m, indexed for increases
in the RPI over the life of the bond, in 2016.
h The 6% bonds are redeemable at a par value of £200m in 2029.
i The medium term notes are of various maturities and include foreign currency
and sterling denominated notes swapped into floating rate sterling.
j Secured on various properties.