Experian 2013 Annual Report Download - page 169
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Business review Business overview Governance Financial statements
O. Reserves
(a) Movements in reserves
Year ended 31 March 2013 Year ended 31 March 2012
Profit
and loss
account
US$m
Own
shares
reserve
US$m
Total pro fit
and loss
account
reserve
US$m
Profit
and loss
account
US$m
Own
shares
reserve
US$m
Total profit
and loss
account
reserve
US$m
At 1 April 7,125.8 (460.0) 6,665.8
7,254.0 (401.5) 6,852.5
Loss for the financial year (51.0) – (51.0)
(52.6) – (52.6)
Dividends paid during the financial year (18.7) – (18.7)
(21.2) – (21.2)
Purchase of own shares by employee trusts (29.3) (220.8) (250.1) (8.4) (224.3) (232.7)
Exercise of share awards and options (86.3) 147.5 61.2 (111.5) 165.8 54. 3
Credit in respect of employee share incentive plans 77.5 – 77.5 65.5 – 65.5
At 31 March 7,018.0 (533.3) 6,484.7 7,125.8 (460.0) 6,665.8
The balance on the profit and loss account comprises charges and credits taken directly to the profit and loss account in respect of employee
share incentive plans and other net profits retained by the Company after the payment of dividends. The balance on the own shares reserve
represents the cost of ordinary shares in the Company and further details are given in note (b) below.
(b) Movements in own shares held and own share reserve
Number of own shares held Cost of own shares held
Trea sury
million
Trusts
million
Total
million
Trea sury
US$m
Trusts
US$m
Total
US$m
At 1 April 2012 24.0 16.3 40.3 273.6 186.4 460.0
Purchase of own shares by employee trusts – 14.5 14.5 – 220.8 220.8
Exercise of share awards and options – (12.4) (12.4) – (147.5) (147.5)
Transfers (4.0) 4.0 – (40.1) 40.1 –
At 31 March 2013 20.0 22.4 42.4 233.5 299.8 533.3
Number of own shares held Cost of own shares held
Treasur y
million
Trusts
million
Total
million
Treasur y
US$m
Trusts
US$m
Total
US$m
At 1 April 2011 30.0 8.3 38.3 334.4 67.1 401.5
Purchase of own shares by employee trusts – 17.9 17.9 – 224.3 224.3
Exercise of share awards and options – (15.9) (15.9) – (165.8) (165.8)
Transfers (6.0) 6.0 – (60.8) 60.8 –
At 31 March 2012 24.0 16.3 40.3 273.6 186.4 460.0
The purchases of own shares in the current and prior year were by the employee trusts for employee share incentive plans, with no purchases of
treasury shares in either year.
P. Reconciliation of movements in total shareholders’ funds
2013
US$m
2012
US$m
Loss for the financial year (51.0) (52.6)
Dividends paid during the financial year (18.7) (21.2)
Purchase of own shares by employee trusts (250.1) (232.7)
Shares issued under share incentive plans 70.2 64.8
Credit in respect of employee share incentive plans 77.5 65.5
Net decrease in total shareholders’ funds (172.1) (176.2)
Opening total shareholders’ funds 7,886.3 8,062.5
Closing total shareholders’ funds 7,714.2 7,886.3