Contents

Financial statements

NOTES TO THE FINANCIAL STATEMENTS

18. Other non-current assets

Group

Company

2010
£m

2009
(Restated note 5)
£m

2010
£m

2009
£m

Amounts owed by joint ventures

45.9

10.6

-

-

Other receivables

54.1

35.6

-

-

100.0

46.2

-

-

Non-current receivables were due:

Group

Company

2010
£m

2009
(Restated note 5)
£m

2010
£m

2009
£m

Between 1 and 2 years

16.4

0.6

-

-

Between 2 and 5 years

5.4

2.1

-

-

Over 5 years

78.2

43.5

-

-

100.0

46.2

-

-

The fair values of other non-current assets were:

Group

Company

2010
£m

2009
(Restated note 5)
£m

2010
£m

2009
£m

Amounts owed by joint ventures

90.9

17.3

-

-

Other receivables

54.1

35.6

-

-

145.0

52.9

-

-

The fair value of amounts owed by joint ventures is based on cash flows using a rate based on the borrowings rate of 2.5% (2009 5.7%). The discount rate is equal to the London Interbank Offered Rate plus an allowance to reflect an appropriate credit margin.

The effective interest rate on amounts owed by joint ventures was 11.3% (2009 15.0%).