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Notes to the Accounts |
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20. Other Creditors
NOTE: Accruals and deferred income includes £7m (1997:£10m) relating to the unamortised profit arising out of the unwinding of a sterling interest rate swap in 1994. The swap was arranged in 1992 in connection with the issue of £100m 10.75% Euro-sterling Bonds 2002. The profit is being amortised over the remaining life of the bonds. £5m is due after one year. None of the amount falls due after five years. |
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