Experian 2010 Annual Report Download - page 137

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135
Introduction
2 – 11
Business review
12 – 51
Governance
52 – 84
Financial statements
85 – 160
29. Share-based payment arrangements (continued)
(ii) Information relating to share grant valuation techniques
Share grants are valued by reference to the market price on the day of award with no modications made for dividend
distributions or other factors as participants are entitled to dividend distributions on awarded shares. Market-based
performance conditions are included in the fair value measurement on grant date and are not revised for actual performance.
(iii) Movement in number of share awards outstanding
Number of
awards
2010
m
Number of
awards
2009
m
At 1 April 20.8 23.7
New grants 4.4 0.7
Forfeitures (0.6) (1.8)
Lapsed awards (1.8) (0.6)
Vesting (6.6) (1.2)
At 31 March 16.2 20.8
Share awards granted in the year had a weighted average fair value of £4.65 (2009: £3.69).
(c) Cost of share-based compensation
2010
US$m
2009
US$m
Share options 12 10
Share awards 46 43
Expense recognised (all equity settled) 58 53
Costs of associated social security obligations 5 2
Total expense recognised in Group income statement 63 55
Reported as follows:
Employee cost within Benchmark PBT 32 21
Charge in respect of demerger-related equity incentive plans (excluded from Benchmark PBT) 26 32
Expense recognised (all equity settled) 58 53
Costs of associated social security obligations (included in Benchmark PBT) 3 2
Costs of associated social security obligations (excluded from Benchmark PBT) 2 -
Total expense recognised in Group income statement 63 55
The costs of the social security obligations include the costs of derivatives, in the form of equity swaps, entered into in
connection with such obligations.