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Wolseley Annual Report 2009
Notes to the company financial statements
Year ended 31 July 2009
4. Creditors: amounts falling due within one year
| 2009 £m |
2008 £m |
|
|---|---|---|
| Bank loans and overdrafts (note 13) | 188 | 308 |
| Deferred tax | – | 16 |
| Derivative financial liabilities (note 12) | 25 | 8 |
| Amounts due to Group companies | 4,578 | 4,615 |
| Other creditors | – | 6 |
| Total creditors: amounts falling due within one year | 4,791 | 4,953 |
The fair value of amounts included in creditors approximates to book value. Amounts due to 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.