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105Experian Annual Report 2009
Introduction
2 – 7
Business review
8 – 43
Governance
44 – 72
Financial statements
Group nancial statements
11. Discontinued operations
As indicated in note 2, the Group disposed of its transaction processing activities in France on 31 October 2008. As a
consequence, the results and cash ows of that business for the year ended 31 March 2008 have been reclassied
as discontinued.
Results for discontinued operations
2009 2008
US$m US$m
Revenue 201 341
Cost of sales (147) (240)
Gross prot 54 101
Distribution costs (6) (14)
Administrative expenses (49) (58)
Operating expenses (55) (72)
Operating (loss)/prot on transaction processing activities (1) 29
Net nancing costs – (1)
(Loss)/prot before tax of discontinued operations (1) 28
Tax charge in respect of pre-tax prot – (6)
(Loss)/prot after tax of discontinued operations (1) 22
Prot on disposal of discontinued operations:
Prot on disposal of transaction processing activities in France (note 33(b)) 27 –
Tax charge in respect of disposal (14) –
Prot after tax on disposal of discontinued operations 13 –
Prot for the nancial year from discontinued operations 12 22
The operating prot of US$26m reported for discontinued operations within note 4(a) in respect of the year ended 31 March
2009 comprises the operating loss of US$1m on transaction processing activities together with the prot on its disposal of
US$27m.
Cash ows attributable to discontinued operations
2009 2008
US$m US$m
From operating activities (10) 18
From investing activities (10) (23)
Exchange and other movements 3 2
Net decrease in cash and cash equivalents in discontinued operations (17) (3)