REG - Whitbread PLC - Whitbread Preliminary Results <Origin Href="QuoteRef">WTB.L</Origin> - Part 3

WhitbreadAnnouncement

26/04/2016 07:06

- Part 3: For the preceding part double click  ID:nRSZ2864Wb 

£m                  £m         £m                £m                               £m                                       £m                
                                                                                                                                                                                             
 Cash at bank and in hand     41.3                                                                                                                                         1.9               
 Short-term deposits          0.1                                                                                                                                          0.2               
 Overdrafts                   -                                                                                                                                            -                 
 Cash and cash equivalents    41.4              -                   (38.5)     (0.8)             -                                -                                        2.1               
                                                                                                                                                                                             
 Short-term bank borrowings   -                 -                   (71.2)     -                 -                                -                                        (71.2)            
 Loan capital under one year  -                                                                                                                                            (1.9)             
 Loan capital over one year   (433.0)                                                                                                                                      (512.2)           
 Total loan capital           (433.0)           0.4                 (63.9)     (12.3)            (3.9)                            (1.4)                                    (514.1)           
 Net debt                     (391.6)           0.4                 (173.6)    (13.1)            (3.9)                            (1.4)                                    (583.2)           
 
 
Net debt includes US$ denominated loan notes of US$325.0m (2015: US$325.0m)
retranslated to £233.8m (2015: £214.6m). These notes have been hedged using
cross-currency swaps. At maturity, £208.3m (2015: £208.3m) will be repaid
taking into account the cross-currency swaps. If the impact of these hedges is
taken into account, reported net debt would be £884.3m (2015: £576.9m). 
 
10. Events after the balance sheet date 
 
A final dividend of 61.85p per share (2015: 56.95p) amounting to a dividend of
£112.4m (2015: £103.1m) was recommended by the directors at their meeting on
25 April 2016.  A dividend reinvestment plan (DRIP) alternative will be
offered.  These financial statements do not reflect this dividend payable. 
 
This information is provided by RNS
The company news service from the London Stock Exchange