Experian 2011 Annual Report Download - page 132

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130 Experian Annual Report 2011
Notes to the Group nancial statements continued
28. Loans and borrowings (continued)
(c) Analysis by currency:
2011
US$m
2010
US$m
US dollar 1,348 941
Sterling 576 561
Brazilian real 37
Euro -342
1,927 1,851
The above analysis takes account of forward foreign exchange contracts and cross currency swaps.
(d) Finance lease obligations - minimum lease payments due:
2011
US$m
2010
US$m
In less than one year 35
In one to ve years 14
Total minimum lease payments 4 9
Futurenance charges -(1)
Present value of nance leases 4 8
The present value of nance leases falls due in:
Less than one year 35
Between one and ve years 13
Present value of nance leases 4 8
(e) Borrowing facilities
At 31 March 2011, the Group had undrawn committed borrowing facilities of US$1,700m, of which US$1,640m expire in December 2015 and
US$60m in March 2016. At 31 March 2010, the Group’s undrawn committed borrowing facilities were US$1,932m and these facilities were
replaced during the current year. Such facilities are for general corporate purposes, including the nancing of acquisitions.
29. Analysis of net debt (non-GAAP measure)
(a) Analysis of net debt:
2011
US$m
2010
US$m
Cash and cash equivalents (net of overdrafts) 408 163
Bank deposits with maturity greater than three months 14 44
Derivatives hedging loans and borrowings (6) (2)
Debt due within one year (3) -
Finance lease obligations (4) (8)
Debt due after more than one year (1,910) (1,824)
Net debt (1,501) (1,627)
(b) Net debt by balance sheet caption:
Cash and cash equivalents 408 175
Loans and borrowings (current) (6) (17)
Loans and borrowings (non-current) (1,921) (1,834)
Net debt by balance sheet caption (1,519) (1,676)
Bank deposits within nancial assets 14 44
Accrued interest 10 7
Derivatives hedging loans and borrowings (6) (2)
Net debt (1,501) (1,627)