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84 Experian Annual Report 2008
5. Segmental information (continued)
Geographical segments – 2008
(a) Income statement – Year ended 31 March 2008
North Latin UK & EMEA/ Central To t a l
America1 America1 Ireland Asia Pacific activities Group2
US$m US$m US$m US$m US$m US$m
Revenue from external customers3 2,061 324 1,024 721 – 4,130
Profit
Operating profit/(loss) 473 44 155 58 (76) 654
Net financing costs – – – – (155) (155)
Share of post-tax profits of associates 49 – – 1 – 50
Profit/(loss) before tax 522 44 155 59 (231) 549
Group tax expense (97)
Profit for the financial year 452
Reconciliation from EBIT to profit/(loss) before tax
EBIT 608 75 232 87 (57) 945
Net interest – – – – (126) (126)
Benchmark PBT 608 75 232 87 (183) 819
Exceptional items (note 9) (12) – (28) (17) (6) (63)
Amortisation of acquisition intangibles (48) (31) (35) (7) – (121)
Goodwill adjustment (2) – – – – (2)
Charges in respect of the demerger-related
equity incentive plans (18) – (14) (4) (13) (49)
Financing fair value remeasurements – – – – (29) (29)
Tax expense on share of profit of associates (6) – – – – (6)
Profit/(loss) before tax 522 44 155 59 (231) 549
1. As indicated in note 2, an additional segment has been included for the year ended 31 March 2008 to report activity in Latin America.
2. The segmental information for the year ended 31 March 2008 is in respect of continuing operations. There were no discontinued operations, as defined by IFRS,
during the year.
3. Revenue from external customers arose principally from the provision of services.
(b) Balance sheet at 31 March 2008
North Latin UK & EMEA/ Central To t a l
America1 America1 Ireland Asia Pacific activities2 Group
US$m US$m US$m US$m US$m US$m
Total segment assets 2,848 1,776 1,368 890 387 7,269
Total segment liabilities (496) (138) (382) (328) (288) (1,632)
Segment net assets 2,352 1,638 986 562 99 5,637
Net present value of put option in respect of Serasa minority interest (583)
Net debt (2,699)
Tax (238)
Group net assets 2,117
1. As indicated in note 2, an additional segment has been included for 31 March 2008 to report activity in Latin America.
2. Segment net assets for Central activities represents corporate head office balances including retirement benefit assets and derivative assets and liabilities.
Notes to the Group financial statements continued