Experian 2010 Annual Report Download - page 121

119
Introduction 2 – 11
Business review 12 – 51
Governance 52 – 84
Financial statements 85 – 160
15. Dividends
2010 2009
US cents
per share US$m
US cents
per share US$m
Amounts recognised and paid during the year:
First interim - paid in January 2010 (2009: January 2009) 7.00 71 6.75 68
Second interim - paid in July 2009 (2009: July 2008) 13.25 135 12.00 121
Ordinary dividends paid on equity shares 20.25 206 18.75 189
Full year dividend for the year ended 31 March 23.00 20.00 203
A dividend of 16 US cents per ordinary share will be paid on 23 July 2010 to shareholders on the register at the close of business
on 25 June 2010 and is not included as a liability in these nancial statements. This dividend, together with the rst interim
dividend of 7 US cents per ordinary share paid in January 2010, comprises the full year dividend for the year ended 31 March 2010
of 23 US cents.
Unless shareholders elect by 25 June 2010 to receive US dollars, their dividends will be paid in sterling at a rate per share
calculated on the basis of the exchange rate from US dollars to sterling on 2 July 2010.
Pursuant to the Income Access Share arrangements put in place as part of the demerger of Experian and Home Retail Group
in October 2006, shareholders in the Company can elect to receive their dividends from a UK source (the ‘IAS election’).
Shareholders who held 50,000 or fewer Experian shares (i) on the date of admission of the Company’s shares to listing on the
London Stock Exchange and (ii) in the case of shareholders who did not own shares at that time, on the rst dividend record
date after they become shareholders in the Company, unless they elect otherwise, will be deemed to have elected to receive
their dividends under the IAS election arrangements. Shareholders who hold more than 50,000 shares and who wish to receive
their dividends from a UK source must make an IAS election. All elections remain in force indenitely unless revoked. Unless
shareholders have made an IAS election, or are deemed to have made an IAS election, dividends will be received from an Irish
source and will be taxed accordingly.
The employee trusts waived their entitlements to dividends of US$2m (2009: US$2m).
16. Goodwill
2010
US$m
2009
US$m
At 1 April 3,125 3,605
Differences on exchange 278 (521)
Additions through business combinations (note 36(a)) 11 101
Reduction in goodwill relating to tax losses (note 10) - (1)
Disposals (2) (59)
At 31 March 3,412 3,125
Additions through business combinations are stated after a decrease in goodwill of US$5m (2009: increase of US$11m) in
respect of adjustments to contingent consideration on prior year acquisitions.
There have been no impairments of goodwill in the current or prior years and, at the balance sheet date, goodwill has been
allocated to CGUs as follows: North America US$1,531m (2009: US$1,534m), Latin America US$1,017m (2009: US$789m), UK &
Ireland US$570m (2009: US$544m), EMEA US$254m (2009: US$227m) and Asia Pacic US$40m (2009: US$31m). Further details
of the principles used in determining the basis of allocation and annual impairment testing are given in note 4.