Borrowings

Analysis of Borrowings at 30 June 2016

2016
£m
2015
£m
Preference Share Capital0.70.7
Lloyds term loan 202320.020.0
Lloyds term loan 202219.719.7
HSBC term loan 201819.919.8
Borrowings from revolving credit facility18.015.7
Debt and Preference Share Capital78.375.9
Cash and short-term deposits(7.1)(6.9)
Net debt and Preference Share Capital71.269.0
Net Assets280.6268.6
Gearing (net of cash)25%26%