Experian 2010 Annual Report Download - page 150

Download and view the complete annual report

Please find page 150 of the 2010 Experian annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 164

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

Experian Annual Report 2010 Financial statements148
Notes to the Group nancial statements (continued)
41. Related parties
The ultimate parent company of the Group is Experian plc which is incorporated in Jersey. Signicant subsidiary and associate
undertakings at 31 March 2010 are shown in note Q to the nancial statements of that company.
The Group’s only material related parties are associates and key management personnel. Transactions with such parties during
the year were as follows:
(a) Associates
The Group made net sales and recharges, under normal commercial terms and conditions that would be available to third
parties, to FARES and its associate FADV of US$28m (2009: US$25m). Amounts receivable from FARES are included within
the amounts owed by associates in note 21. These amounts are unsecured and will be settled in cash. No guarantees have
been given or received in the year in connection with the Group’s trading with these entities. No provisions have been made for
doubtful debts in respect of the amounts owed by associates. Other details in respect of FARES are given in note 19.
(b) Key management personnel
Remuneration of key management personnel is disclosed in note 9. Other than remuneration, there were no material
transactions or balances between the Group and its key management personnel or members of their close families in either the
current or previous year.
42. Events occurring after the end of the reporting period
Details of the second interim dividend approved since the end of the reporting period are given in note 15.
On 22 April 2010, Experian received notice from FAC of the exercise of its buy-out option in respect of Experian's interest in
FARES (see note 19).
As indicated in note 37, the Group completed some small disposals following the balance sheet date.