Tullett Prebon plc Annual Report 2010 Notes to the Consolidated Financial Statements continued for the year ended 31 December 2010 23. Provisions Onerous leases £m Building dilapidations £m Other £m Total £m At 1 January 2010 Charged/(credited) to income statement Utilisation of provision Effect of movements in exchange rates At 31 December 2010 At 1 January 2009 Charged to income statement Utilisation of provision Effect of movements in exchange rates At 31 December 2009 1.4 – (1.3) – 0.1 3.6 – (2.0) (0.2) 1.4 2.1 0.7 – 0.1 2.9 1.9 0.2 – – 2.1 5.8 (4.8) – 0.4 1.4 6.4 0.1 (0.1) (0.6) 5.8 2010 £m 9.3 (4.1) (1.3) 0.5 4.4 11.9 0.3 (2.1) (0.8) 9.3 2009 £m Included in current liabilities Included in non-current liabilities 0.5 3.9 4.4 1.5 7.8 9.3 Onerous leases The onerous lease provision represents the net present value of the future rental cost net of expected sub-lease income. The leases expire in one to three years. Building dilapidations The building dilapidations provision represents the estimated cost of making good the dilapidations and disrepair on various leasehold buildings. The leases expire in one to nine years. 24. Other long term payables 2010 £m 2009 £m Other creditors Deferred consideration 3.6 2.9 6.5 4.4 4.7 9.1 Other creditors are held at cost which approximates to fair value. Deferred consideration as at 31 December 2010 relates to the acquisitions of OTC Valuations Ltd and Aspen and is held at the discounted value of estimated future obligations. 68
