NOTES TO THE FINANCIAL STATEMENTS
19. OTHER NON-CURRENT ASSETS
Group |
Company |
|||
2010 |
2009 |
2010 |
2009 |
|
Amounts owed by subsidiary undertakings |
- |
- |
337.5 |
271.3 |
Amounts owed by related parties (note 43) |
45.9 |
10.6 |
- |
- |
Other receivables |
55.1 |
35.6 |
1.0 |
- |
101.0 |
46.2 |
338.5 |
271.3 |
|
Other receivables include site development and pre-contract costs of £15.6m (2009 nil).
Non-current assets were due:
Group |
Company |
|||
2010 |
2009 |
2010 |
2009 |
|
Between 1 and 2 years |
16.6 |
0.6 |
83.8 |
67.8 |
Between 2 and 5 years |
6.2 |
2.1 |
254.7 |
203.5 |
Over 5 years |
78.2 |
43.5 |
- |
- |
101.0 |
46.2 |
338.5 |
271.3 |
|
The fair values of other non-current assets were:
Group |
Company |
|||
2010 |
2009 |
2010 |
2009 |
|
Amounts owed by subsidiary undertakings |
- |
- |
336.9 |
271.3 |
Amounts owed by related parties |
90.9 |
17.3 |
- |
- |
Other receivables |
55.1 |
35.6 |
1.0 |
- |
146.0 |
52.9 |
337.9 |
271.3 |
|
The fair value of amounts owed by related parties 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 London Interbank Offered Rate plus an allowance to reflect an appropriate credit margin.
The effective interest rate on amounts owed by related parties was 11.3% (2009 15.0%).