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117Experian Annual Report 2009
Introduction
2 – 7
Business review
8 – 43
Governance
44 – 72
Financial statements
Group nancial statements
26. Additional information on nancial liabilities
(a) Analysis of liabilities by contractual repricing dates:
Less than 1 – 2 2 – 3 3 – 4 4 – 5 Over 5
1 year years years years years years To t a l
At 31 March 2009 US$m US$m US$m US$m US$m US$m US$m
Loans and borrowings 1,794 3 2 – 518 – 2,317
Effect of interest rate swaps1 (632) 444 343 174 (329) – –
Other derivative nancial liabilities 21 23 34 17 2 – 97
Put option in respect of acquisition of
Serasa minority interest 424 – – – – – 424
Trade and other payables2 459 12 9 – – – 480
2,066 482 388 191 191 – 3,318
Less than 1 – 2 2 – 3 3 – 4 4 – 5 Over 5
1 year years years years years years To t a l
At 31 March 2008 US$m US$m US$m US$m US$m US$m US$m
Loans and borrowings 1,448 737 4 1 – 660 2,850
Effect of interest rate swaps1 (185) (210) 475 379 209 (668) –
Other derivative nancial liabilities 50 15 21 26 9 20 141
Put option in respect of acquisition of
Serasa minority interest 583 – – – – – 583
Trade and other payables2 666 25 23 1 – – 715
2,562 567 523 407 218 12 4,289
1. These represent the gross notional values of interest rate swaps.
2. VAT and other tax payable of US$32m (2008: US$52m), social security costs of US$78m (2008: US$95m) and certain accruals and deferred income of US$447m
(2008: US$474m) are included in trade and other payables in note 21 but are excluded from this analysis.
(b) Analysis of nancial liabilities by currency:
Brazilian
Sterling US dollar real Euro Other To t a l
At 31 March 2009 US$m US$m US$m US$m US$m US$m
Loans and borrowings 827 1,480 9 1 – 2,317
Effect of forward foreign exchange contracts1 (494) 232 – 262 – –
Other derivative nancial liabilities 23 57 – 16 1 97
Put option in respect of acquisition of Serasa minority interest – – 424 – – 424
Trade and other payables2 138 209 34 58 41 480
494 1,978 467 337 42 3,318
Brazilian
Sterling US dollar real Euro Other To t a l
At 31 March 2008 US$m US$m US$m US$m US$m US$m
Loans and borrowings 1,392 1,438 16 4 – 2,850
Effect of forward foreign exchange contracts1 (900) 611 – 222 67 –
Other derivative nancial liabilities 84 55 – 2 – 141
Put option in respect of acquisition of Serasa minority interest – – 583 – – 583
Trade and other payables2 211 283 76 127 18 715
787 2,387 675 355 85 4,289
1. These represent the gross notional values of foreign exchange contracts.
2. VAT and other tax payable of US$32m (2008: US$52m), social security costs of US$78m (2008: US$95m) and certain accruals and deferred income of US$447m
(2008: US$474m) are included in trade and other payables in note 21 but are excluded from this analysis.