Experian 2008 Annual Report Download - page 29

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27Experian Annual Report 2008
Financial statements
65 – 144
Governance
38 – 64
Introduction
2 – 5
Business review
Financial review
Business review
Financial review
Continuing activities:
Businesses
trading at 31 March 2008 that have
not been disclosed as discontinuing
activities are reported as continuing
activities.
Organic growth:
This is the year-
on-year change in the revenue of
continuing activities, at constant
exchange rates, excluding acquisitions
(other than affiliate credit bureaux)
until the first anniversary date of
consolidation.
Direct business:
Direct business
refers to Experian’s business exclusive
of the financial results of FARES.
Constant currency:
In order to
illustrate its organic performance,
Experian discusses its results in terms
of constant exchange rates, unless
otherwise stated. This represents
growth calculated as if the exchange
rates used to determine the results
had remained unchanged from those
used in the previous year.
Roundings
Certain financial data have been
rounded within this report. As a result
of this rounding, the totals of data
presented may vary slightly from the
actual arithmetic totals of such data.
Establishing Experian’s first office
in South Korea
South Korea is a country that has
experienced robust economic growth in
recent years, fuelling demand for consumer
credit. In September 2007, Experian
established a new company in South Korea
with its long-term partner, Mirae Credit
Information Services (MCI).
Experian Decision Analytics Korea will
be accelerating the availability of highly
customised and advanced credit management
services for the financial services sector
in South Korea, as well as extending these
solutions to new market segments, such as
telecommunications and insurance. Experian
and MCI already provide support to six of
South Korea’s top seven retail banks.