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## Fixed asset investments – parent company 12 

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## Debtors 13 

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Amounts falling due after more than one year are € nil (2002: € nil). 

## Creditors: amounts falling due within one year 14 

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## Creditors: amounts falling due after more than one year 15 

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Debenture loans comprise four convertible personnel debenture loans with a weighted average interest rate of 5.2%. Depending on the conversion terms, the surrender of € 227 or € 200 par value debenture loans qualifies for the acquisition of 20-50 Reed Elsevier NV ordinary shares. 

