Debt Information
Net debt (as analysed in note 30 to the consolidated financial statements)
increased from £280.9m at 30 April 2011 to £523.8m at 30 April 2012,
primarily due to the return of cash to shareholders. The Group’s net debt at
30 April 2012 is further analysed below:
|
Fixed
rate
£m |
Floating
rate
£m |
Total
£m |
| Unrestricted cash |
– |
52.0 |
52.0 |
| Cash held within train operating companies |
– |
169.2 |
169.2 |
| Restricted cash |
– |
19.8 |
19.8 |
| Total cash and cash equivalents |
– |
241.0 |
241.0 |
| Sterling bond |
(398.3) |
– |
(398.3) |
| Sterling hire purchase |
(7.4) |
(126.6) |
(134.0) |
| US dollar hire purchase and finance leases |
(56.2) |
– |
(56.2) |
| Loan notes |
– |
(20.9) |
(20.9) |
| Bank loans |
– |
(155.4) |
(155.4) |
| Net debt |
(461.9) |
(61.9) |
(523.8) |