Experian 2008 Annual Report Download - page 140

Download and view the complete annual report

Please find page 140 of the 2008 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.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

138 Experian Annual Report 2008
H. Investments in group undertakings (continued)
Additions in the year ended 31 March 2008 comprised the fair value of the share incentives issued to employees of subsidiary
undertakings during the year of £33.0m and subscriptions of £150.0m for share capital of Experian Ireland Investments Limited
and £2,528.6m for share capital in Experian Finance Holdings Limited, a company which was newly incorporated during the year.
At 31 March 2008, the investment in group undertakings directly held by the Company comprised the holdings of the whole of
the issued share capital of the following companies:
Country of incorporation Principal activity
Experian Investment Holdings Ltd England and Wales Holding company
Experian Group Services Ltd Ireland Administrative services
Experian Ireland Investments Ltd Ireland Finance company
Experian Finance Holdings Limited Ireland Finance company
A list of the Company’s other principal subsidiary undertakings, none of which is held directly by the Company, is given at note Q.
I. Debtors – due within one year
2008 2007
£m £m
Amounts owed by subsidiary undertakings 2,055.6 4,833.3
Taxation recoverable 2.2 1.6
Other prepayments and accrued income 0.3 –
2,058.1 4,834.9
J. Creditors – amounts due within one year
2008 2007
£m £m
Bank overdraft 0.2 0.7
Amounts owed to subsidiary undertakings 13.0 88.7
Accruals and deferred income 0.4 0.3
Other creditors 0.4 0.4
14.0 90.1
At 31 March 2008, the Company had undrawn committed borrowing facilities of £565m (2007: £1,250m), all of which expire
more than two years after the balance sheet date.
K. Share capital and share premium
Number of Share Share
shares capital premium
Year ended 31 March 2008 m £m £m
At 1 April 2007 1,022.3 54.7 773.8
Allotted under share option schemes 1.1 – 3.7
At 31 March 2008 1,023.4 54.7 777.5
Period ended 31 March 2007
At 30 June 2006 on incorporation – – –
Issued on demerger of Home Retail Group 877.4 46.9 8,628.7
Capital reduction on 6 October 2006 – – (8,628.7)
Issued by way of Global Offer 142.9 7.7 792.3
Global Offer issuance costs – – (22.8)
Allotted under share option schemes 2.0 0.1 4.3
At 31 March 2007 1,022.3 54.7 773.8
Authorised and issued share capital
At 31 March 2008 and 31 March 2007 the authorised share capital of the Company was US$200m, divided into 1,999,999,980
ordinary shares of 10 US cents each and 20 deferred shares of 10 US cents each. The ordinary shares carry the right to dividend,
the right to attend or vote at general meetings of the Company and the right to participate in the assets of the Company beyond
repayment of the amounts paid up or credited as paid up on them. The deferred shares carry no such rights.
Notes to the parent company financial statements continued