Notes to the financial statements
21. Analysis of financial assets and financial liabilities
Financial assets
An analysis of Group financial assets is presented below:
| 2008 | 2007 | ||||||
|---|---|---|---|---|---|---|---|
| Group | Loans and receivables £m |
Derivatives used for hedging £m |
Total £m |
Loans and receivables £m |
Derivatives used for hedging £m |
Total £m |
|
| Cash and cash equivalents | 62.2 | – | 62.2 | 88.8 | – | 88.8 | |
| Amounts receivable from customers | 574.4 | – | 574.4 | 443.2 | – | 443.2 | |
| Derivative financial instruments | – | 1.7 | 1.7 | – | 0.7 | 0.7 | |
| Trade and other receivables | 19.2 | – | 19.2 | 9.0 | – | 9.0 | |
| 655.8 | 1.7 | 657.5 | 541.0 | 0.7 | 541.7 | ||
Financial liabilities
An analysis of Group financial liabilities is presented below:
| 2008 | 2007 | ||||||
|---|---|---|---|---|---|---|---|
| Group | Other financial liabilities £m |
Derivatives used for hedging £m |
Total £m |
Other financial liabilities £m |
Derivatives used for hedging £m |
Total £m |
|
| Bank borrowings | 434.3 | – | 434.3 | 370.8 | – | 370.8 | |
| Trade and other payables | 53.4 | – | 53.4 | 50.6 | – | 50.6 | |
| Derivative financial instruments | – | 14.4 | 14.4 | – | 0.7 | 0.7 | |
| Current tax liabilities | 2.5 | – | 2.5 | 5.0 | – | 5.0 | |
| 490.2 | 14.4 | 504.6 | 426.4 | 0.7 | 427.1 | ||