Notes to the financial statementsNotes to the financial statements

Notes to the financial statements

Page 4 of 35

4. Other income

  Year ended
31 March
2009
£m
Year ended
31 March
2008
£m
Income from government grants 15 14
Other 8 2
  23 16
Exceptional income (note 5) 15
Other income 23 31

Income from government grants includes amounts relating to a BEIP grant receivable in the US from the state of New Jersey. This grant is receivable until 2014 by the Group provided it maintains its operations in the state of New Jersey until 2019 and is based on the amount of employee tax paid over to the state authorities.

Other includes profit on disposal of the Group’s investments in New York Stock Exchange shares and The Clearing Corporation.