|
Notes to the Financial Statements
|
| 3 Net interest payable |
| |
| |
|
|
2003 |
2002 |
| |
|
|
£m |
£m |
|
| British Land Group |
|
|
|
| Payable on: |
bank loans and overdrafts |
|
35.2 |
41.4 |
| |
other loans |
|
254.1 |
240.8 |
| |
|
|
|
| |
|
|
289.3 |
282.2 |
| Deduct: |
development cost element |
|
(8.1) |
(5.9) |
| |
|
|
|
| |
|
|
281.2 |
276.3 |
| Receivable on: |
deposits and securities |
|
(11.2) |
(8.4) |
| |
loans to joint ventures |
|
(8.9) |
(16.1) |
|
| Total British Land Group |
|
261.1 |
251.8 |
|
| Share of joint ventures |
|
|
|
| Interest payable on shareholder loans |
|
8.9 |
16.1 |
| Other interest payable (net) |
|
56.4 |
50.0 |
| |
|
|
| Total share of joint ventures (note
12) |
|
65.3 |
66.1 |
|
| Net interest payable |
|
326.4 |
317.9 |
|
The £323m 61/2% Convertible
Bonds 2007 were redeemed and cancelled on 24 June 2002.
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