Experian 2013 Annual Report Download - page 166
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Please find page 166 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.164 Experian Annual Report 2013 Financial statements
Notes to the parent company financial statements
continued
E. Other operating charges
Other operating charges of US$37.0m (2012: US$32.2m) principally comprise charges from other Group undertakings in respect of services
provided to the Company during the year and include the following fees payable to the Company’s auditor and its associates.
2013
US$m
2012
US$m
Audit of the Group financial statements 0.4 0.4
Audit of the Company financial statements 0.1 0.1
0.5 0.5
F. Interest payable and similar charges
2013
US$m
2012
US$m
Interest on amounts owed to Group undertakings 0.6 0.8
Foreign exchange losses 9.2 15.8
9.8 16.6
G. Tax on loss on ordinary activities
(i) Reconciliation of tax charge for the year
2013
US$m
2012
US$m
Loss on ordinary activities before tax 51.0 52.6
Loss on ordinary activities multiplied by the applicable rate of tax of 25% (2012: 25%) 12.8 13.2
Effects of:
Expenses not deductible for tax purposes (3.2) (4.4)
Tax losses not utilised (9.6) (8.8)
Current tax charge for the year – –
(ii) Factors that may affect future tax charges
The Company’s tax charge will continue to be influenced by the nature of its income and expenditure and prevailing Irish and Jersey tax law.
(iii) Deferred tax
The Company has no recognised deferred tax (2012: US$nil) and has not recognised a deferred tax asset of US$47m (2012: US$37m) in respect
of tax losses.
H. Dividends
The Company paid interim dividends during the year of US$18.7m (2012: US$21.2m) to those shareholders who did not elect to receive dividends
under the Income Access Share (‘IAS’) arrangements. Total dividends of US$321.4m (2012: US$289.9m) were paid to Experian shareholders
during the year with the balance of US$302.7m (2012: US$268.7m) paid by a subsidiary undertaking under the IAS arrangements.
Since the balance sheet date, the directors have announced a second interim dividend of 24.00 US cents per ordinary share for the year ended
31 March 2013. No part of this dividend is included as a liability in these financial statements.
Further details of dividends and payment arrangements are given in note 20 to the Group financial statements.