Tesco 2006 Annual Report Download - page 73

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71Tesco plc
Note 17 Cash and cash equivalents
2006 2005
£m £m
Cash at bank and in hand 964 800
Short-term deposits 361 346
1,325 1,146
The effective rate of interest on short-term deposits is 3.9% and the average maturity term is 2 weeks.
Note 18 Trade and other payables
Current
2006 2005
£m£m
Trade payables 2,832 2,819
Other taxation and social security 216 221
Other payables 1,257 1,236
Amounts payable to Joint ventures and Associates 79 29
Accruals and deferred income 693 663*
Dividends 66
5,083 4,974
*Includes £163m attributable to realised gains on terminated interest rate swaps. Under IFRS these have been reclassified as part of the IAS 32 and IAS 39 adjustments (note 33).
Non-current
2006 2005
£m £m
Other payables 29 21
Note19 Borrowings
Current
Effective
interest rate
Effective after hedging
interest rate transactions Maturity 2006 2005
Par value % % year £m £m
Bank loans and overdrafts (a) 4.5 4.5 2006 1,013 471
4% unsecured deep discount loan stock £125m 10.2 10.8 2006 122 –
6% 150m GBP Medium Term Note (MTN) £150m 6.0 4.9 2006 158 –
0.7% 50bn JPY MTN (b) ¥50bn 0.7 4.8 2006 247 –
Other MTNs 4.8 4.8 2006 86 –
Finance leases (note 31) 8.3 8.3 – 20 11
1,646 482
(a) Includes £9m (2005 – £9m) of loans from Joint ventures and Associates.
(b) The MTNs denominated in currencies other than Pounds Sterling have been swapped into Pounds Sterling liabilities.