18. Creditors: amounts falling due within one year

		Group			Company

	31 December 2003 £m	31 December 2002 £m		31 December 2003 £m	31 December 2002 £m
Trade creditors	71	106		1	1
Amounts due to subsidiary undertakings	–	–		814	562
Other creditors	58	34		14	11
Other taxation and social security	–	–		1	1
Corporation tax	86	53		19	12
Accruals and deferred income	100	134		41	52
Bank loans (secured)	531	810		–	–
6.25% Euro Dollar Bonds 2003	–	37	–		37
2% Convertible US Dollar Bonds 2005	–	231	–		–
Total bonds	–	268		–	37

Total creditors: amounts falling due within one year	846	1,405		890	676

The bank loans are secured by fixed and floating charges over the assets of certain subsidiary undertakings.

Secured loans without recourse
Secured bank loans without recourse are those where the obligation to repay lies solely with the subsidiary undertaking and are secured solely on the assets of the subsidiary undertaking concerned.

At 31 December 2003, we were in discussions with bank groups in relation to claimed technical defaults on the non-recourse debt for the US merchant portfolio. As these issues were not formally resolved at 31 December 2003, the debt at ANP has been reported as current non-recourse debt in our accounts.