- Part I: Summary
- Part II: Risk Factors
- Part III: The Scheme of Arrangement and Share Capital Consolidation
- Part IV: Directors, Company Secretary, Registered Office and Advisers
- Part V: Presentation of Statisical Data and Other Information
- Part VI: Information on The Group
- Part VII: Directors and Corporate Governance
- Part VIII: Selected Financial Information
- Part IX: Operating and Financial Review
- Part X: Accountant's Reports and Financial Information
- Accountant's report on historical financial information
- Financial information for the period ended 9 July 2008
- Accountant's report on historical financial information
- Consolidated income statements
- Consolidated balance sheets
- Consolidated statements of cash flow
- Consolidated statements of shareholders' equity
- Consolidated statements of comprehensive income
- Notes to the accounts
- Part XI: Interim Financial Information of The Group for The 26 Week Period Ended 2 August 2008
- Part XII: Additional Information
- Part XIII: Definitions
15. Other Liabilities
| 2008 $m |
2007 $m |
2006 $m |
|
| Accrued expenses | 43.6 | 39.4 | 33.1 |
| Lease loss reserve | 9.6 | 10.0 | 11.0 |
| Other liabilities | 43.2 | 56.6 | 43.2 |
| Total other liabilities | 96.4 | 106.0 | 87.3 |
A lease loss reserve is recorded for the net present value of the difference between the contractual rent obligations and the rate at which income is received or expected to be received from subleasing the properties.
| 2008 $m |
2007 $m |
2006 $m |
|
| At beginning of financial year | 10.0 | 11.0 | 11.0 |
| Adjustments, net | 0.7 | (0.4) | 0.9 |
| Utilization(1) | (1.1) | (0.6) | (0.9) |
| At end of financial year | 9.6 | 10.0 | 11.0 |
(1) Including the impact of foreign exchange translation between opening and closing balance sheet dates.
The cash expenditures on the remaining lease loss reserve are expected to be paid over the various remaining lease terms through 2017.