For the short period 1 April 2006 to 3 March 2007
| Current 2007 £m |
Non-current 2007 £m |
Current 2006 £m |
Non-current 2006 £m |
||||
| 4.0% Perpetual securities | (74.4) | – | – | (74.9) | |||
| 4.9% Perpetual securities | (148.2) | – | – | (146.5) | |||
| Other | (0.9) | – | – | (0.9) | |||
| GUS Group companies | – | – | (1,045.2) | – | |||
| (223.5) | – | (1,045.2) | (222.3) | ||||
| Obligations under finance leases | (0.1) | – | (1.1) | (0.2) | |||
| (223.6) | – | (1,046.3) | (222.5) |
For 2006 and 2007, the effective interest rate of the perpetual securities is the nominal rate indicated above, which is fixed for the term of the debt. The maturity date on these facilities is June 2007. All loans are denominated in sterling.
All of the borrowings of the Group shown above are unsecured. Lease liabilities are effectively secured as the rights to the leased assets revert to the lessor in the event of default.
The maturity of non-current borrowings in 2006 of £222.5m was between one and two years.
At 3 March 2007, the Group had undrawn committed borrowing facilities available of £700m (31 March 2006: nil) which expire in 2011. These facilities are in place to enable the Group to finance its working capital requirements and for general corporate purposes.
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