Experian 2013 Annual Report Download - page 160
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Please find page 160 of the 2013 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.158 Experian Annual Report 2013 Financial statements
Notes to the Group financial statements continued
51. Related party transactions
(a) Subsidiary undertakings and associates
Significant subsidiary undertakings at 31 March 2013 are shown in note T to the parent company financial statements. There were no
individually material associates during the current or prior year and accordingly no related party transactions are reported with such entities.
(b) Remuneration of key management personnel
2013
US$m
2012
US$m
Salaries and short-term employee benefits 9 12
Retirement benefits 1 1
Share incentive plans 15 18
25 31
Key management personnel comprises the executive directors and their remuneration is charged to labour costs. The amount included in
respect of share incentive plans includes costs in respect of demerger-related share incentive plans in the year ended 31 March 2012. Further
details of directors’ remuneration are given in the audited part of the report on directors’ remuneration. Other than remuneration, there were no
material transactions or balances between the Group and its key management personnel or members of their close families in either the current
or previous year.
52. Events occurring after the end of the reporting period
Details of the second interim dividend announced since the end of the reporting period are given in note 20.
On 2 April 2013 the Group acquired 100% of Decisioning Solutions Inc., a provider of a hosted Software-as-a-Service (‘SaaS’) customer
acquisition platform, in Canada for US$59m (including US$5m of cash acquired). The fair value of goodwill, software development, customer
relationships and other assets and liabilities will be reported on an aggregate basis with any further acquisitions in the Group’s half-yearly
financial statements for the six months ending 30 September 2013 and in the 2014 annual report.