Experian 2010 Annual Report Download - page 113

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111
Introduction
2 – 11
Business review
12 – 51
Governance
52 – 84
Financial statements
85 – 160
7. Foreign currency
The principal exchange rates used in these nancial statements are as follows:
Average Closing
2010 2009 2010 2009 2008
Sterling : US dollar 1.58 1.69 1.52 1.43 1.99
US dollar : Brazilian real 1.88 1.96 1.79 2.30 1.75
Euro : US dollar 1.41 1.41 1.35 1.33 1.58
Assets and liabilities of undertakings whose functional currency is not the US dollar are translated into US dollars at the
exchange rates ruling at the balance sheet date. Their income statements are translated into US dollars at average exchange
rates (unless these averages are not a reasonable approximation of the cumulative effect of the rates prevailing on the
transaction dates, in which case income and expenses are translated at the rates on the dates of the transactions). An indication
of the sensitivity of the Group’s results to foreign exchange risk is given in note 5.
8. Prot before tax
Prot before tax is stated after charging:
(i) Expenses by nature 2010
US$m
2009
US$m
Net operating lease rental expense 51 59
Depreciation of property, plant and equipment 85 90
Amortisation of intangible assets 329 330
Write down on disposal of property, plant and equipment and intangibles 3 1
Other losses on disposal of property, plant and equipment and intangibles 1 -
Employee benet costs (note 9) 1,430 1,428
Amortisation of intangible assets is charged to administrative expenses, except for the amortisation of databases which is
charged to cost of sales.
(ii) Fees payable to the Company’s auditor 2010
US$m
2009
US$m
Audit and assurance services:
Audit of the parent company and Group nancial statements 1 1
Audit of the nancial statements of the Group’s subsidiaries, pursuant to legislation 3 3
Other assurance services, including the review of the Group’s half-yearly nancial report 1 1
5 5
Other services:
Taxation services 4 5
Services in respect of the demerger - 4
4 9
Total fees payable to the Company’s auditor and its associates 9 14
The guidelines covering the use of the Company’s auditor for non-audit services are set out in the corporate governance
statement.