Experian 2014 Annual Report Download - page 145

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Financial statements • Notes to the Group financial statements 141
27. Net debt (non-GAAP measure)
(a) Analysis of net debt by nature
2014
US$m
2013
US$m
Cash and cash equivalents (net of overdrafts) 208 226
Debt due within one year – bonds and notes – (620)
Debt due within one year – commercial paper (576) –
Debt due within one year – finance lease obligations (4) (3)
Debt due after more than one year – bonds and notes (2,743) (2,014)
Debt due after more than one year – bank loans and finance lease obligations (823) (602)
Derivatives hedging loans and borrowings 129 75
(3,809) (2,938)
(b) Analysis of net debt by balance sheet caption
2014
US$m
2013
US$m
Cash and cash equivalents in the Group balance sheet 212 229
Current borrowings in the Group balance sheet (584) (635)
Non-current borrowings in the Group balance sheet (3,576) (2,626)
Total reported in the Group balance sheet (3,948) (3,032)
Accrued interest reported within borrowings above but excluded from net debt 10 19
Derivatives reported within financial assets 135 75
Derivatives reported within financial liabilities (6) –
(3,809) (2,938)
(c) Analysis of movements in net debt
Cash and cash
equivalents
US$m
Current
borrowings
US$m
Non-current
borrowings
US$m
Net debt by
balance sheet
caption
US$m
Accrued
interest
excluded from
net debt
US$m
Derivatives
hedging
loans and
borrowings
US$m
Net debt
US$m
At 1 April 2013 229 (635) (2,626) (3,032) 19 75 (2,938)
Cash outflow (314) – – (314) – – (314)
Borrowings cash flow 767 71 (838) – – – –
Net interest paid (74) – – (74) – – (74)
Movement on accrued
interest – 8 1 9 (9) – –
Net cash inflow/(outflow) 379 79 (837) (379) (9) – (388)
Net share purchases (371) – – (371) – – (371)
Fair value gains and losses – 9 52 61 – (69) (8)
Exchange and other
movements (25) (37) (165) (227) – 123 (104)
At 31 March 2014 212 (584) (3,576) (3,948) 10 129 (3,809)