119
Annual Report and Accounts 2014
4.4.5.2 Terms and debt repayment schedule
The terms and conditions of cash and cash equivalents and outstanding loans were as follows:
Effective
Carrying Contractual
0 to
1 to
2 to
3 to
4 to
5 years
interest rate
value cash flows
<1 year
<2 years
<3 years
<4 years
<5 years
and over
%
£m
£m
£m
£m
£m
£m
£m
£m
2014
Cash and cash equivalents
Floating
43.8
43.8
43.8
US loan notes 2022
7.17% (9.6)
(15.1)
(0.7)
(0.7)
(0.7)
(0.7)
(0.7)
(11.6)
US loan notes 2016
7.26% (48.1)
(53.6)
(3.5)
(50.1)
US loan notes 2018
5.98% (96.2)
(114.4)
(5.8)
(5.8)
(5.8)
(97.0)
US loan notes 2019
7.61% (64.1)
(86.5)
(4.9)
(4.9)
(4.9)
(4.9)
(66.9)
Finance leases
Various
(1.3)
(1.3)
(0.6)
(0.4)
(0.2)
(0.1)
Bank overdrafts
Floating
(23.0)
(23.0)
(23.0)
Unsecured bank loans
Floating
(1.5)
(1.8)
(1.4)
(0.2)
(0.1)
(0.1)
Total
(200.0)
(251.9)
3.9
(62.1)
(11.7)
(102.8)
(67.6)
(11.6)
2013
Cash and cash equivalents
Floating
99.9
99.9
99.9
US loan notes 2022
7.17% (9.1)
(14.9)
(0.7)
(0.7)
(0.7)
(0.7)
(0.7)
(11.4)
US loan notes 2014
Floating
(19.0)
(19.1)
(19.1)
US loan notes 2016
7.26% (45.5)
(54.0)
(3.3)
(3.3)
(47.4)
US loan notes 2018
5.98% (90.9)
(113.4)
(5.4)
(5.4)
(5.4)
(5.4)
(91.8)
US loan notes 2019
7.61% (60.6)
(86.3)
(4.6)
(4.6)
(4.6)
(4.6)
(4.6)
(63.3)
Finance leases
Various
(1.6)
(1.9)
(0.8)
(0.6)
(0.3)
(0.2)
Bank overdrafts
Floating
(9.6)
(9.6)
(9.6)
Unsecured bank loans
Floating
(63.0)
(63.2)
(61.0)
(1.0)
(0.3)
(0.3)
(0.3)
(0.3)
Total
(199.4)
(262.5)
(4.6)
(15.6)
(58.7)
(11.2)
(97.4)
(75.0)
Contractual cash flows include undiscounted committed interest cash flows and, where the amount payable is not fixed, the amount disclosed is determined by
reference to the conditions existing at the reporting date.
