Experian 2009 Annual Report Download - page 144

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142 Experian Annual Report 2009
D. Net interest income/(expense)
2009 2008
£m £m
Interest income – external interest income 0.3 0.2
Interest expense – discount on amount owed by subsidiary undertaking – (0.7)
Net interest income/(expense) 0.3 (0.5)
E. Tax on prot/(loss) on ordinary activities
(i) Tax charge for the year
There was no tax charge for the year (2008: £nil). The rate of corporation tax in Ireland is 25% for investment income. The
reconciliation of the tax charge for the year is as follows:
2009 2008
£m £m
Prot/(loss) on ordinary activities before tax 8.7 (15.2)
Prot/(loss) on ordinary activities before tax multiplied by the rate of corporation tax of 25% 2.2 (3.8)
Effects of:
(Income not taxable)/expenses not deductible (6.3) 0.4
Tax losses not utilised 4.1 3.4
Current tax charge for the year – –
(ii) Factors that may affect future tax charges
In the foreseeable future, the Company’s tax charge will continue to be inuenced by the nature of its income and expenditure
and could be affected by changes in tax law.
F. Dividend
During the year the Company paid interim equity dividends of £34.1m (2008: £30.9m) to ordinary shareholders. The directors
have announced a second interim dividend of 13.25 US cents per ordinary share for the year ended 31 March 2009. This dividend
is not included as a liability in these nancial statements as it was not announced before 31 March 2009. For further details of
payment arrangements see note 13 to the Group nancial statements.
Notes to the parent company nancial statements continued
Financial statements