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Risk management policies (Tables) | 12 Months Ended
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Dec. 31, 2019
Text block [abstract] |
Committed Facilities | At 31 December 2019, the Group has access to £6.3 billion of committed facilities with maturity dates spread over the years 2020 to 2046 as illustrated below:
|  |  |  |  | 2020 £m |  |  | 2021 £m |  |  | 2022 £m |  |  | 2023 £m |  |  | 2024+ £m |
£ bonds £400m (2.875% 2046) |  |  | 400.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 400.0 |
US bond $220m (5.625% 2043) |  |  | 165.8 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 165.8 |
US bond $93m (5.125% 2042) |  |  | 70.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 70.0 |
Eurobonds € 600m (1.625% 2030) |  |  | 507.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 507.9 |
Eurobonds € 750m (2.25% 2026) |  |  | 634.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 634.9 |
Eurobonds € 500m (1.375% 2025) |  |  | 423.3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 423.3 |
US bond $750m (3.75% 2024) |  |  | 565.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 565.5 |
Bank revolver ($2,500m 2024) |  |  | 1,884.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,884.9 |
Eurobonds € 750m (3.0% 2023) |  |  | 634.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 634.9 |  |  |  |  |
US bond $500m (3.625% 2022) |  |  | 377.0 |  |  |  |  |  |  |  |  |  |  |  | 377.0 |  |  |  |  |  |  |  |  |
Eurobonds € 250m (3m EURIBOR + 0.45% 2022) |  |  | 211.6 |  |  |  |  |  |  |  |  |  |  |  | 211.6 |  |  |  |  |  |  |  |  |
Bank revolver (A$150m 2020, A$270m 2021) |  |  | 222.4 |  |  |  | 79.4 |  |  |  | 143.0 |  |  |  |  |  |  |  |  |  |  |  |  |
Eurobonds € 250m (3m EURIBOR + 0.32% 2020) |  |  | 211.6 |  |  |  | 211.6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total committed facilities available |  |  | 6,309.8 |  |  |  | 291.0 |  |  |  | 143.0 |  |  |  | 588.6 |  |  |  | 634.9 |  |  |  | 4,652.3 |
Drawn down facilities at 31 December 2019 |  |  | 4,304.2 |  |  |  | 216.9 |  |  |  | 96.4 |  |  |  | 588.6 |  |  |  | 634.9 |  |  |  | 2,767.4 |
Undrawn committed credit facilities |  |  | 2,005.6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Summary of currency risk |
|  | 2019 £m |  |  | 2018 £m |
US dollar |  |  | 125.2 |  |  |  | 192.2 |
Euro |  |  | 162.5 |  |  |  | 232.5 |

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- Definition The disclosure of detailed information about borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2019-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2019-en-r&anchor=para_7&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The explanation of the risk management strategy related to hedge accounting. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2019-01-01 -Paragraph 22A -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2019-en-r&anchor=para_22A&doctype=Standard -URIDate 2019-03-27 + Details
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