Experian 2007 Annual Report Download - page 128
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Introduction | Business review | Governance | Financial statements
2007
F. Tangible fixed assets £m
Short leasehold properties
Cost
Additions 0.2
At 31 March 2007 0.2
Depreciation
At 31 March 2007 –
Net Book Value at 31 March 2007 0.2
2007
G. Investments in group undertakings £m
Additions 812.2
Transfer from subsidiary undertaking 8,675.6
Disposals (6,381.6)
Investments in group undertakings at 31 March 2007 3,106.2
Long-termloan to subsidiaryundertaking 2,864.3
At 31 March 2007 5,970.5
(i) Additions in the year comprised the fair value of the share incentives issued to employees of subsidiary undertakings during the period of
£23.6m and £788.6m in respect of a subscription for share capital in Experian Ireland Investments Limited, whose principal activity is to act as
an intra group finance company.
(ii) The transfer from subsidiary undertakings comprised the transfer of GUS plc and its subsidiary undertakings as part of the demerger process.
(iii) Disposals comprised £3,497.6m in respect of the distribution of shares in Home Retail Group to the Company’s shareholders by way of
dividend in specie and a capital reduction of £4,852.0m by a subsidiaryundertaking settled by a long-termloan with a fair value of £2,863.6m
and cash of £20.4m.
At 31 March 2007, the investment in group undertakings comprises the holdings of the whole of the issued share capital of Experian Investment
Holdings Limited, Experian Ireland Investments Limited and Experian Group Services Limited. The principal activity of Experian Group Services Limited
is the provision of administrative services to group companies.
The Company’s principal subsidiary undertakings are listed on page 132.
126 |Experian Annual Report2007
Notes to the parent company financial statements
for the period ended 31 March 2007