Experian 2012 Annual Report Download - page 144

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142 Experian Annual Report 2012 Financial statements
Notes to the Group financial statements continued
37. Called up share capital and share premium account
Called up share capital of US$102m (2011: US$102m) comprises the nominal value of the Company’s issued share capital. Movements in the
current and prior year are summarised in the Group statement of changes in total equity. Further details relating to the share capital at the
balance sheet dates, together with details of ordinary shares issued during the year and since 31 March 2012, are contained in note N to the
parent company financial statements.
The share premium account of US$1,471m (2011: US$1,460m) comprises the amount received in excess of the nominal value of the shares
issued by way of (i) the share offer in October 2006, net of expenses, and (ii) the subsequent issue of ordinary shares in connection with
employee share incentive plans. Movements in the current and prior year are summarised in the Group statement of changes in total equity.
The difference between the amounts shown in the Group and parent company financial statements in respect of called up share capital and
the share premium account arose due to the translation of the sterling amounts into US dollars at the different exchange rates on the different
translation dates. The differences for share capital and the share premium account, with the higher numbers being reported in the Group
financial statements, are US$23m and US$329m respectively at both balance sheet dates.
38. Retained earnings and other reserves
Retained earnings comprise net profits retained in the Group after the payment of equity dividends. In the Group’s statement of changes in total
equity, the movements in retained earnings in the year ended 31 March 2012 include US$7m (2011: US$82m) in respect of fair value and actuarial
gains recognised directly as other comprehensive income.
The composition of, and movements in, other reserves are set out below and the movements in the year ended 31 March 2012 include currency
translation losses of US$48m (2011: gains of US$124m) recognised directly in other comprehensive income. There are no significant statutory,
contractual or exchange control restrictions on distributions by Group undertakings.
Year ended 31 March 2012
Merger
reserve
US$m
Hedging
reserve
US$m
Translation
reserve
US$m
Own
shares
reserve
US$m
Total
other
reserves
US$m
At 1 April 2011 (15,682) 11 60 (434) (16,045)
Purchase of own shares by employee trusts - for employee share
incentive plans - - - (224) (224)
Exercise of share options and awards - - - 166 166
Currency translation gains recognised directly in other comprehensive
income - - (48) - (48)
At 31 March 2012 (15,682) 11 12 (492) (16,151)
Year ended 31 March 2011
Merger
reserve
US$m
Hedging
reserve
US$m
Translation
reserve
US$m
Own
shares
reserve
US$m
Total
other
reserves
US$m
At 1 April 2010 (15,682) 11 (64) (125) (15,860)
Purchase of own shares held as treasury shares - - - (334) (334)
Purchase of own shares by employee trusts - for employee share
incentive plans - - - (61) (61)
Exercise of share options and awards - - - 86 86
Currency translation gains recognised directly in other comprehensive
income - - 124 - 124
At 31 March 2011 (15,682) 11 60 (434) (16,045)