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8. Borrowings

(amounts in millions of €, unless otherwise indicated)

  2008  2007
       
Non-current borrowings comprising drawings on multi-currency syndicated revolving credit facility  2,392.8    460.0
Current borrowings 4.2   45.3
       
Total borrowings 2,397.0   505.3

Changes in non-current borrowings are:

  2008  2007
       
Value at January 1 460.0   -
Drawings 2,389.6   460.0
Repayments -460.0   -
Amortization of transaction costs 3.8   -
Translation differences -0.6   -
       
Value at December 31 2,392.8   460.0

Additional information in respect of non-current borrowings is included in note 27 of the consolidated balance sheet.