8 Debtors

 

2014
£m

2013
£m

Amounts owed by group undertakings

1,953

1,544

Corporation tax

61

28

Deferred tax

10

14

Other debtors

16

 

2,024

1,602

Amounts owed by group undertakings are repayable at the request of either party and include an £424m (2013: £211m) interest bearing balance with a current interest rate of LIBOR-12.5 bps.

At 31 December 2014, there is an unrecognised deferred tax asset in respect of timing differences of £3m (2013: £3m).