Experian 2008 Annual Report Download - page 139

Download and view the complete annual report

Please find page 139 of the 2008 Experian annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

137Experian Annual Report 2008
Introduction
2 – 5
Business review
6 – 37
Governance
38 – 64
Financial statements
Company financial statements
Financial statements
Company financial statements
G. Tangible fixed assets – short leasehold properties
Year ended 31 March 2008 £m
Cost
At 1 April 2007 0.2
Additions 1.3
At 31 March 2008 1.5
Depreciation
At 1 April 2007 –
Charge for the year 0.1
At 31 March 2008 0.1
Net Book Value at 31 March 2007 0.2
Net Book Value at 31 March 2008 1.4
Period ended 31 March 2007 £m
Cost
Additions 0.2
At 31 March 2007 0.2
Depreciation
Charge for the period –
At 31 March 2007 –
Net Book Value at 31 March 2007 0.2
H. Investments in group undertakings
Long-term
Shares in loan to
group subsidiary
undertakings undertaking To t a l
Year ended 31 March 2008 £m £m £m
Cost
At 1 April 2007 1,137.3 – 1,137.3
Additions 2,711.6 – 2,711.6
At 31 March 2008 3,848.9 – 3,848.9
Period ended 31 March 2007
Cost
Additions 812.2 2,864.3 3,676.5
Transfer from subsidiary undertakings 8,675.6 – 8,675.6
Disposals (6,381.6) – (6,381.6)
Reclassification of long-term loan to subsidiary undertaking (see below) (1,968.9) (2,864.3) (4,833.2)
At 31 March 2007 1,137.3 – 1,137.3
At 31 March 2007, the total investment in group undertakings included £4,833.2m in respect of an advance to Experian
Investment Holdings Limited. During the year ended 31 March 2008, the amount of this advance has been reduced by £2,791.2m
in connection with a Group restructuring and the remaining amount due from this group undertaking has been reclassified
within debtors due within one year on the grounds that this better represents the substance of the arrangement. In
accordance with the requirements of FRS 28 ‘Corresponding Amounts’ the corresponding amount has been adjusted in the
above table and in note I. The associated unwind of discount which was recognised in the year ended 31 March 2007 has been
reversed in the profit and loss account for the year ended 31 March 2008.