Experian 2012 Annual Report Download - page 156

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154 Experian Annual Report 2012 Financial statements
Notes to the parent company financial statements
continued
E. Other operating charges
(i) Nature of charges
Other operating charges principally comprise charges from other Group undertakings in respect of services provided to the Company during
the year.
(ii) Fees payable to the Company’s auditor and its associates
2012
US$m
2011
US$m
Audit of the Group financial statements 0.4 0.4
Audit of the Company financial statements 0.1 0.1
0.5 0.5
F. Interest receivable and similar income
2012
US$m
2011
US$m
Foreign exchange gains - 12.0
G. Interest payable and similar charges
2012
US$m
2011
US$m
Interest on amounts owed to Group undertakings 0.8 0.5
Foreign exchange losses 15.8 -
Losses in connection with commitments to purchase own shares - 2.1
16.6 2.6
H. Tax on loss on ordinary activities
(i) Reconciliation of tax charge for the year
2012
US$m
2011
US$m
Loss on ordinary activities before tax (52.6) (20.9)
Loss on ordinary activities multiplied by the applicable rate of tax of 25% (2011: 25%) (13.2) (5.2)
Effects of:
Income not taxable -(2.3)
Expenses not deductible 4.4 -
Tax losses not utilised 8.8 7.5
Current tax charge for the year - -
(ii) Factors that may affect future tax charges
In the foreseeable future, the Company’s tax charge will continue to be influenced by the nature of its income and expenditure and could be
affected by changes in Irish and Jersey tax law.
The Company has no recognised deferred tax (2011: US$nil) and has not recognised deferred tax of US$37m (2011: US$28m) in respect of tax
losses.
I. Dividends
The Company paid interim dividends of US$21.2m (2011: US$30.5m) to those shareholders who did not elect to receive dividends under the
Income Access Share (‘IAS’) arrangements. Total dividends of US$289.9m (2011: US$251.1m) were paid to Experian shareholders during the
year with the balance of US$268.7m (2011: US$220.6m) paid by subsidiary undertakings under the IAS arrangements.
Since the balance sheet date, the directors have announced a second interim dividend of 21.75 US cents per ordinary share for the year ended 31
March 2012. No part of this dividend is included as a liability in these financial statements.
Further details of Experian dividends and payment arrangements are given in note 19 to the Group financial statements.