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114 Experian Annual Report 2008
30. Additional information on financial liabilities (continued)
(b) Analysis of financial liabilities by currency:
Brazilian
Sterling US Dollar Real Euro Other To t a l
At 31 March 2008 US$m US$m US$m US$m US$m US$m
Loans and borrowings
£350m 6.375% Eurobonds 2009 732 – – – – 732
£334m 5.625% Euronotes 2013 660 – – – – 660
Bank loans – 1,438 – – – 1,438
Overdrafts – – – 4 – 4
Present value of obligations under finance leases – – 16 – – 16
Effect of forward foreign exchange contracts1 (900) 611 – 222 67 –
Other derivative financial liabilities 84 55 – 2 – 141
Put option in respect of acquisition of
Serasa minority interest – – 583 – – 583
Trade and other payables2 343 376 76 145 53 993
919 2,480 675 373 120 4,567
Sterling US Dollar Euro Other To t a l
At 31 March 2007 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 4 – 269 – 273
Present value of obligations under finance leases 1 – – – 1
Effect of forward foreign exchange contracts
and cross currency swap1 (1,065) 1,513 (516) 68 –
Other derivative financial liabilities 40 – – – 40
Trade and other payables2 207 409 120 30 766
535 1,922 624 98 3,179
1. These represent the gross notional values of foreign exchange contracts and, at 31 March 2007, a cross currency swap.
2. VAT and other tax payable of US$52m (2007: US$42m), social security costs of US$95m (2007: US$75m) and accruals of US$196m (2007: US$200m) are included
in trade and other payables in note 23 but are excluded from this analysis.
(c) Analysis of financial liabilities by interest rate profile:
Non-
interest
Floating Fixed bearing To t a l
At 31 March 2008 US$m US$m US$m US$m
Loans and borrowings 1,443 1,407 – 2,850
Effect of interest rate swaps1 (note 30(a)) (185) 185 – –
Other derivative financial liabilities 141 – – 141
Put option in respect of acquisition of
Serasa minority interest – – 583 583
Trade and other payables2 33 70 890 993
1,432 1,662 1,473 4,567
Non-
interest
Floating Fixed bearing To t a l
At 31 March 2007 US$m US$m US$m US$m
Loans and borrowings 1,024 1,349 – 2,373
Effect of interest rate swaps1 (note 30(a)) 130 (130) – –
Other derivative financial liabilities 40 – – 40
Trade and other payables2 – – 766 766
1,194 1,219 766 3,179
1. These represent the effect of interest rate swaps on the interest rate profile.
2. VAT and other tax payable of US$52m (2007: US$42m), social security costs of US$95m (2007: US$75m) and accruals of US$196m (2007: US$200m) are included
in trade and other payables in note 23 but are excluded from this analysis.
Notes to the Group financial statements continued