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Wolseley Annual Report 2009
Notes to the company financial statements
Year ended 31 July 2009
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3. Debtors
| Amounts falling due within one year | 2009 £m |
2008 £m |
|---|---|---|
| Amounts due from Group companies | 3,315 | 2,710 |
| Corporation tax recoverable | 52 | 50 |
| Derivative financial assets (note 12) | 12 | 11 |
| Deferred tax | 1 | – |
| Total debtors | 3,380 | 2,771 |
The fair value of amounts included in debtors approximates to book value. Amounts due from Group companies are payable on demand and interest is charged at interest rates that vary between LIBOR + 0.5 and LIBOR + 2.0 per cent.
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4. Creditors: amounts falling due within one year > Next