Management considers that the Group's capital comprises shareholders' equity plus net debt.
The Group's capital was as follows:
| As at 2 January 2010 $ million |
As at 3 January 2009 $ million |
As at 29 December 2007 $ million |
|
|---|---|---|---|
| Shareholders' equity | 1,536.6 | 1,610.8 | 2,137.8 |
| Net debt: | |||
| – Cash and cash equivalents | (445.0) | (291.9) | (295.9) |
| – Collateralised cash | (2.1) | (3.8) | (5.8) |
| – Bank overdrafts | 4.8 | 13.7 | 15.7 |
| – Bank and other loans | 698.5 | 792.4 | 860.3 |
| – Obligations under finance leases | 4.6 | 6.9 | 9.6 |
| – Derivatives hedging translational exposures | (53.3) | (40.9) | 7.6 |
| 207.5 | 476.4 | 591.5 | |
| 1,744.1 | 2,087.2 | 2,729.3 | |
We manage the Group's capital structure to maximise shareholder value whilst retaining flexibility to take advantage of opportunities that arise to grow the Group's business.