Middlesex University


Financial Statements 2015/16


Year ended 31 July 2016


Consolidated £000


20. Creditors: amounts falling due after more than one year Deferred income


Other liabilities due after one year Secured loans


Analysis of secured loans: Due within one year or on demand (Note 19)


Due between one and two years Due between two and five years Due in five years or more


Due after more than one year Total secured loans


Secured loans repayable by 2030 Secured loans repayable by 2037


9,288 174


82,444 91,906


3,012


3,360 11,035 68,049 82,444


85,456


32,484 52,972 85,456


University £000


8,613 174


82,444 91,231


3,012


3,360 11,035 68,049 82,444


85,456


32,484 52,972 85,456


Year ended 31 July 2015


Consolidated £000


11,456 137


85,456 97,049


2,737 3,012


10,533 71,911 85,456


88,193


34,049 54,144 88,193


University £000


11,456 137


85,456 97,049


2,737 3,012


10,533 71,911 85,456


88,193


34,049 54,144 88,193


Bank loans are repayable over the terms shown below. Interest is charged at the rates shown and all rates are fixed until their rate is renewed at a fixed future date or at the end of the loan term.


The loans are secured against the University campus properties to which they relate. Amount Lender


Barclays Bank


Lloyds Bank


Lloyds Bank


Lloyds Bank


Lloyds Bank


Lloyds Bank


Lloyds Bank


Borrower Property name University University University University University University University


Hendon Campus


Hendon Campus


Hendon Campus


Hendon Campus


Hendon Campus


Hendon Campus


Hendon Campus


outstanding at 31 July 2016 £000


Term Fixed Until Interest rate % Expiry date


32,484 11,189 13,962 9,319 4,667 4,653 9,182


52,972 85,456


25 Years 28 Years 27 Years 26 Years 26 Years 26 Years 25.5 Years


2030 2037 2037 2037 2026 2016 2017


5.2900% 6.5950% 6.4250% 6.5450% 6.7050% 6.3950% 5.1550%


2030 2037 2037 2037 2037 2037 2037


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