Experian 2012 Annual Report Download - page 121

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119
Governance Financial statementsBusiness reviewBusiness overview
18. Earnings per share (continued)
Reconciliation of Overall benchmark earnings to profit for the financial year
2012
US$m
20 11
(Re-presented)
(Note 3)
US$m
Overall benchmark earnings (non-GAAP measure) 854 722
(Loss)/profit from discontinued operations (6) 85
Loss from exceptional items and total adjustments made to derive Benchmark PBT (130) (184)
Profit for the financial year 718 623
Weighted average number of ordinary shares
2012
million
2011
million
Weighted average number of ordinary shares 989 1,002
Dilutive effect of share incentive awards 17 22
Diluted weighted average number of ordinary shares 1,006 1,024
19. Dividends
2012 2011
US cents
per share US$m
US cents
per share US$m
Amounts recognised and paid during the financial year:
First interim - paid in January 2012 (2011: January 2011) 10.25 102 9.00 90
Second interim - paid in July 2011 (2011: July 2010) 19.00 188 16.00 161
Ordinary dividends paid on equity shares 29.25 290 25.00 251
Full year dividend for the financial year 32.00 317 28.00 278
A dividend of 21.75 US cents per ordinary share will be paid on 20 July 2012 to shareholders on the register at the close of business on 22 June
2012 and is not included as a liability in these financial statements. This dividend, together with the first interim dividend of 10.25 US cents per
ordinary share paid in January 2012, comprises the full year dividend for the financial year of 32.00 US cents.
Unless shareholders elect by 22 June 2012 to receive US dollars, their dividends will be paid in sterling at a rate per share calculated on the basis
of the exchange rate from US dollars to sterling on 29 June 2012.
Pursuant to the Income Access Share arrangements put in place in October 2006, shareholders in the Company can elect to receive their
dividends from a UK source (the ‘IAS election’). Shareholders who held 50,000 or fewer Experian shares (i) on the date of admission of the
Company’s shares to listing on the London Stock Exchange or (ii) in the case of shareholders who did not own shares at that time, on the first
dividend record date after they became shareholders in the Company, will be deemed to have elected to receive their dividends under the IAS
election arrangements unless they elect otherwise. Shareholders who hold more than 50,000 shares and who wish to receive their dividends
from a UK source must make an IAS election. All elections remain in force indefinitely unless revoked. Unless shareholders have made, or are
deemed to have made, an IAS election, dividends will be received from an Irish source and will be taxed accordingly.
In the year ended 31 March 2012 the employee trusts waived their entitlements to dividends of US$4m (2011: US$3m). There is no entitlement to
dividend in respect of own shares held in treasury.