Notes to the Accounts For the year ended 31 December 2007
15. Bank overdrafts and loans
| Group | Company | |||
|---|---|---|---|---|
| 2007 £'000 |
2006 £'000 |
2007 £'000 |
2006 £'000 |
|
| Bank overdrafts | 47,433 | 43 | 47,433 | – |
| Bank loans | 25,300 | 39,150 | 25,300 | 39,150 |
| 72,733 | 39,193 | 72,733 | 39,150 | |
The borrowings stated above are repayable on demand or otherwise within one year.
The carrying amounts of the Group's borrowings are denominated in the following currencies:
| 31 December 2007 | Sterling £'000 |
US Dollar £'000 |
Total £'000 |
|---|---|---|---|
| Bank overdrafts | 47,433 | – | 47,433 |
| Bank loans | 25,300 | – | 25,300 |
| 72,733 | – | 72,733 | |
| 31 December 2006 | |||
| Bank overdrafts | – | 43 | 43 |
| Bank loans | 39,150 | – | 39,150 |
| 39,150 | 43 | 39,193 |
Bank overdrafts are repayable on demand.
At 31 December 2007, the Group had available £31.7m (2006: £10.2m) of undrawn committed borrowing facilities in respect of which all conditions precedent had been met.
The Group's exposure to interest rate, foreign currency and liquidity risk for financial assets and liabilities is disclosed in Note 22.