Note 16 Creditors falling due within one year

	Group			Company
_________________________			_________________________
	1997 £m	1996 £m		1997 £m	1996 £m
_________________________			_________________________
Bank loans and overdrafts (a) (b)	285	241		931	776
Trade creditors	826	764		ñ	ñ
Amounts owed to group undertakings	-	-		137	561
Other creditors	322	288		8	26
Corporation tax (c)	255	259		41	67
Other taxation and social security	90	86		-	1
Accruals and deferred income (d)	147	128		6	8
E.C.S.C. loans 1996	-	74		-	-
Finance leases (note 21)	21	20		-	-
Proposed final dividend	155	142		155	142
_________________________			_________________________
	2,101	2,002		1,278	1,581
_________________________			_________________________

a) Bank deposits at subsidiary undertakings of £663m (1996 - £675m) have been offset against debts in the parent company under a legal right of set-off. b) Includes £8m (1996 - nil) secured on various properties. c) The corporation tax liability represents the charge for the year after deducting tax relief for capitalised interest and advance corporation tax recoverable within one year. d) A gain of £45m, realised in a prior year, on terminated interest rate swaps is being spread over the life of replacement swaps entered into at the same time for similar periods. Accruals and deferred income include £5m (1996 - £5m) attributable to these realised gains with £23m (1996 - £28m) being included in creditors falling due after more than one year (note 17).