All borrowings are initially recorded at the amount of proceeds received, net of transaction costs. Borrowings are subsequently carried at amortized cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognized as a charge to the income statement over the period of the relevant borrowing.
Source: GlaxoSmithKline PLC, Annual Report
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
GlaxoSmithKline PLC, Statement of Financial Position, Debt
USD $ in millions, translated from GBP £
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | Dec 31, 2006 | ||
|---|---|---|---|---|---|---|
 |
Short-term borrowings | |
|
|
|
|
|
Long-term borrowings | |
|
|
|
|
|
Total debt | |
|
|
|
|
| Item | Description | The company |
|---|---|---|
| Total debt | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | GlaxoSmithKline PLC's total debt increased from 2008 to 2009 but then declined significantly from 2009 to 2010. |
February 7, 2012