NOTES TO THE FINANCIAL STATEMENTS CONTINUED
22. CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR     The Group     The Company
1999 1998 1999 1998
(restated)
(note 1)		 (restated)
(note 1)
£m £m £m £m
Loans and overdrafts - Note 24 1,417.1 47.1 57.1
Trade creditors 249.5 162.4
Amounts owed to subsidiary undertakings 2,608.4 2,720.0
Amounts owed to associated undertakings 3.5 2.7
Taxation 53.1 142.8 15.6 71.1
VAT and other taxes payable 42.7 41.1
Social security costs 22.0 15.6
Finance leases 26.3 36.8
Accruals 357.9 257.7 2.9 1.9
Collection costs on instalment debtors 117.8 126.4
Other creditors 220.2 214.5 3.6 2.7
Proposed final dividend 144.8 140.9 144.8 140.9
2,654.9 1,188.0 2,832.4 2,936.6
23. CREDITORS - AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 1999 1998
(restated)
(note 1)
The Group £m £m
Bank loans - Note 24 496.8 479.0
Taxation 1.7 0.3
Finance leases:

Repayable in one to two years

 9.9 24.8

Repayable in two to five years

 6.0 9.1
Accruals 65.1 61.2
Collection costs on instalment debtors 5.3 8.9
Other creditors 9.2 8.8
594.0 592.1

24. LOANS AND OVERDRAFTS       The Group     The Company
1999 1998 1999 1998
£m £m £m £m
Repayable wholly within five years:
    Secured against assets 40.2
    US$800m medium term loan 496.8 479.0
    Multi-Currency Term Loan 1,282.1
    Floating Rate Unsecured Loan Notes 2003 57.1 57.1
    Bank Overdrafts 77.9 6.9
1,913.9 526.1 57.1 -
Repayable as follows:
    In one year or less 1,417.1 47.1 57.1
    Between two and five years 496.8 479.0
1,913.9 526.1 57.1 -
The Floating Rate Unsecured Loan Notes 2003 were issued in connection with the acquisition of Argos plc. Interest is based on LIBOR and is payable on 31 March and 30 September. Noteholders are entitled to require the Company to repay the whole of the principal outstanding by giving notice not less than 30 days prior to the interest payment date.
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