8 Debtors.

(XLS:) Notes to the Company Financial Statements – debtors

 

2012
£m

2011
£m

Amounts owed by Group undertakings

1,583

1,230

Corporation tax

31

41

Deferred tax

14

15

Other debtors

4

7

 

1,632

1,293

Amounts owed by Group undertakings are repayable at the request of either party and include a £338m (2011: £88m) interest bearing balance with a current interest rate of LIBOR -12.5 bps.

At 31 December 2012, there is an unrecognised deferred tax asset in respect of timing differences of £3m (2011: £3m).