Experian 2009 Annual Report Download - page 120

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118 Experian Annual Report 2009
26. Additional information on nancial liabilities (continued)
(c) Analysis of nancial liabilities by interest rate prole:
Non-interest
Floating Fixed bearing To t a l
At 31 March 2009 US$m US$m US$m US$m
Loans and borrowings 1,790 527 – 2,317
Effect of interest rate swaps1 (632) 632 – –
Other derivative nancial liabilities 97 – – 97
Put option in respect of acquisition of Serasa minority interest – – 424 424
Trade and other payables2 – – 480 480
1,255 1,159 904 3,318
Non-interest
Floating Fixed bearing To t a l
At 31 March 2008 US$m US$m US$m US$m
Loans and borrowings 1,443 1,407 – 2,850
Effect of interest rate swaps1 (185) 185 – –
Other derivative nancial liabilities 141 – – 141
Put option in respect of acquisition of Serasa minority interest – – 583 583
Trade and other payables2 33 70 612 715
1,432 1,662 1,195 4,289
1. This represents the effect of interest rate swaps on the interest rate prole.
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$474m) are included in trade and other payables in note 21 but are excluded from this analysis.
(d) Analysis by maturity prole (contractual, undiscounted cash ows):
Less than 1 – 2 2 – 3 3 – 4 4 – 5 Over 5
1 year years years years years years To t a l
At 31 March 2009 US$m US$m US$m US$m US$m US$m US$m
Loans and borrowings 321 32 30 1,509 522 – 2,414
Net settled derivative nancial instruments
(note 25 (c)) 15 23 11 – (5) – 44
Gross settled derivative nancial instruments
(note 25 (c)) 642 – – – – – 642
Put option in respect of acquisition of Serasa
minority interest – – – 595 – – 595
Trade and other payables1 449 18 12 2 1 4 486
1,427 73 53 2,106 518 4 4,181
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 127 783 43 41 1,473 701 3,168
Net settled derivative nancial instruments
(note 25 (c)) 34 – 17 13 12 12 88
Gross settled derivative nancial instruments
(note 25 (c)) 1,223 – – – – – 1,223
Put option in respect of acquisition of Serasa
minority interest – – – – 1,003 – 1,003
Trade and other payables1 669 26 25 1 1 – 722
2,053 809 85 55 2,489 713 6,204
1. Cash ows in respect of VAT, other tax payable, social security costs and accruals are excluded from this analysis.
Notes to the Group nancial statements continued
Financial statements