Experian 2007 Annual Report Download - page 136

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Introduction | Business review | Governance | Financial statements
134 |Experian Annual Report2007
Experian Home Retail Intra group Other Experian
Group Limited Group balances adjustments Group
pro forma
(Note a) (Note b) (Note c) (Note d)
US$m US$m US$m US$m US$m
Non-current assets
Goodwill 5,342 (3,272) – – 2,070
Other intangible assets 926 (108) – – 818
Property, plant and equipment 1,670 (1,211) – – 459
Investment in associates 225 – – – 225
Deferred tax assets 547 (189) – – 358
Retirement benefit assets 31 (45) – 14 –
Trade and other receivables 89 (75) – – 14
Other financial assets 158 (13) – – 145
8,988 (4,913) – 14 4,089
Current assets
Inventories 1,538 (1,535) – – 3
Trade and other receivables 1,830 (2,574) 1,673 – 929
Current tax assets 207 (12) – – 195
Other financial assets 10 (4) – – 6
Cash and cash equivalents 385 (228) – – 157
3,970 (4,353) 1,673 – 1,290
Current liabilities
Trade and other payables (2,421) 1,502 – 8 (911)
Loans and borrowings (303) 1,822 (1,820) – (301)
Current tax liabilities (481) 92 – – (389)
Provisions (155) 59 – 96 –
Other financial liabilities (37) 1 – – (36)
(3,397) 3,476 (1,820) 104 (1,637)
Net current assets/(liabilities) 573 (877) (147) 104 (347)
Non-current liabilities
Trade and other payables (144) 48 – – (96)
Loans and borrowings (3,599) 386 – – (3,213)
Deferred tax liabilities (350) 117 – – (233)
Retirement benefit obligations – – – (22) (22)
Provisions – 96 – (96) –
Other financial liabilities (14) – – – (14)
(4,107) 647 – (118) (3,578)
Net assets 5,454 (5,143) (147) – 164
Areconciliation between the consolidated balance sheet of Experian Group Limited and its subsidiary undertakings and the pro forma balance sheet
of the continuing Experian business (‘Experian Group pro forma’) at 31 March 2006 is set out above.
The basis on which this information has been prepared is as follows:
(a) As reported in the Annual Report and Financial Statements of GUS plc at 31 March 2006, represented in US$ at the exchange rate prevailing
at 31 March 2006.
(b) Extracted from the balance sheet information at 31 March 2006, contained in the 2007 Preliminary Announcement of Home Retail Group plc
issued in May 2007, represented in US$ at the exchange rate prevailing at 31 March 2006.
(c) Intra group balances represent the elimination and reclassification of balances between Home Retail Group and Experian as reported in the
2007 Preliminary Announcement of Home Retail Group plc.
(d) Other adjustments comprise the reclassification of balances between Experian and Home Retail Group.
Reconciliation to the Experian Group
pro forma balance sheet at 31 March 2006