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## Fixed asset investments – consolidated investment in joint ventures 12 

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The investment in joint ventures comprises the group’s share at the following amounts of: 

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Included within share of current assets and creditors are cash and short term investments of £338m (2002: £302m) and borrowings of £1,592m (2002: £1,747m) respectively. 

## Fixed asset investments – company 13 

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## Debtors 14 

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Amounts falling due after more than one year are £40m (2002: £40m). These amounts are denominated in sterling and earn interest at a fixed rate of 9.8% (2002: 9.8%) for a remaining duration of four years (2002: five years). At 31 December 2003 these amounts had a fair value of £47m (2002: £49m). 

## Creditors: amounts falling due within one year 15 

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