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26 Financial instruments (continued)
(c) Additional information on financial liabilities
(i) The contractual repricing dates of liabilities exposed to interest rate risk are as follows:
Less than 1 – 2 2 – 3 3 – 4 4 – 5 Over 5
1year years years years years years Total
At 31 March 2007 US$m US$m US$m US$m US$m US$m US$m
Loans and Borrowings
€548m 4.125% Euronotes 2007 751 – – – – – 751
£350m 6.375% Eurobonds 2009 – – 721 – – – 721
£334m 5.625% Euronotes 2013 – – – – – 627 627
Overdrafts 273 – – – – – 273
Effect of interest rate swaps2130 408 (272) 390 – (656) –
Other financial liabilities 40 – – – – – 40
Trade and other payables1714 46 3 1 1 1 766
1,908 454 452 391 1 (28) 3,178
Less than 1 – 2 2 – 3 3 – 4 4 – 5 Over 5
1year years years years years years Total
At 31 March 2006 US$m US$m US$m US$m US$m US$m US$m
Loans and Borrowings
€568m 4.125% Euronotes 2007 – 688 – – – – 688
£350m 6.375% Eurobonds 2009 – – – 620 – – 620
£350m 5.625% Euronotes 2013 – – – – – 595 595
Perpetual Securities – 386 – – – – 386
Bank loans 1,358 – – – – – 1,358
Overdrafts 245 –––––245
Effect of interest rate swaps2825 (762) 495 (240) 291 (609) –
Other financial liabilities 37 2 – ––1251
Trade and other payables12,038 55 30 – 3 8 2,134
4,503 369 525 380 294 6 6,077
1. VAT and other tax payable of US$42m (2006: US$125m), social security costs of US$75m (2006: US$75m) and accruals of US$200m
(2006: US$231m) are excluded from this analysis.
2. These represent the gross notional values of interest rate swaps.
Introduction | Business review | Governance | Financial statements
Notes to the Group financial statements
for the year ended 31 March 2007
102 |Experian Annual Report2007