Experian 2007 Annual Report Download - page 93

Download and view the complete annual report

Please find page 93 of the 2007 Experian annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 138

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138

17. Inventories
2007 2006
US$m US$m
Work in progress 22
Finished goods 21,536
41,538
Inventories at 31 March 2007 are stated net of impairment provisions of US$nil (2006: US$197m). The impairment provision at 31 March 2006
related to inventories held by Home Retail Group.
18. Trade and other receivables
Current Non-current Current Non-current
2007 2007 2006 2006
US$m US$m US$m US$m
Trade receivables:
Instalment receivables ––618 58
Other trade receivables 574 – 641 7
Total trade receivables 574 – 1,259 65
Amounts owed by associates 3–2–
VAT recoverable 1–17 –
Deferred consideration receivable – – 244 –
Other prepayments and accrued income 216 11 308 24
794 11 1,830 89
Current trade receivables are stated net of provisions of US$30m (2006: US$187m, of which US$162m related to Home Retail Group). Non-current
trade receivables arestated net of provisions of US$nil (2006: US$9m, which wholly related to Home Retail Group).
Instalment receivables at 31 March 2006 were in respect of Home Retail Group and the effective interest rate thereon for that year was 7.7%.
The deferred consideration in respect of the disposal of the home shopping and Reality businesses was received in full in April 2006 from March UK
Limited. Interest income of US$1m (2006: US$14m) arose in the year in respect of this consideration.
The analysis of the maturity profile for financial assets included within non-current items is given in note 26.
19. Cash and cash equivalents
2007 2006
US$m US$m
Cash at bank and in hand 364 233
Short-term Investments 543 152
907 385
The effective interest rate for cash and cash equivalents at 31 March 2007 is 4.4% (2006: 2.7%).
20. Trade and other payables
Current Non-current Current Non-current
2007 2007 2006 2006
US$m US$m US$m US$m
Trade creditors 193 – 809 –
VAT and other taxes payable 42 – 125 –
Social security costs 75 – 75 –
Accruals 653 17 1,156 64
Other creditors 68 35 256 80
1,031 52 2,421 144
The analysis of the maturity profile for financial liabilities included within non-current items is given in note 26.
Experian Annual Report2007 |91