Experian 2010 Annual Report Download - page 156

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Experian Annual Report 2010 Financial statements154
Notes to the parent company nancial statements (continued)
D. Net interest (expense)/income
2010
US$m
2009
(Represented)
(Note B)
US$m
External interest income -0.4
Interest expense on amounts owed by subsidiary undertakings (0.2) -
Net interest (expense)/income (0.2) 0.4
E. Tax on (loss)/prot on ordinary activities
The tax credit for the year ended 31 March 2010 represents consideration received from subsidiary undertakings in respect of
2009 tax losses surrendered.
(i) Reconciliation of tax credit for the year
2010
US$m
2009
(Represented)
(Note B)
US$m
(Loss)/prot on ordinary activities before tax (23.6) 12.4
(Loss)/prot on ordinary activities multiplied by the applicable rate of tax of 25% (2009: 25%) (5.9) 3.2
Effects of:
Income not taxable (0.6) (9.1)
Tax losses not utilised 6.5 5.9
Adjustments in respect of prior year 0.3 -
Current tax credit for the year 0.3 -
(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. Dividends
During the year ended 31 March 2010, the Company paid interim dividends of US$21.0m to those shareholders who did not elect
to receive dividends under the Income Access Share (‘IAS’) arrangements. Total dividends of US$205.7m were paid to Experian
shareholders during the year with the balance of US$184.7m paid by Experian Finance plc under the IAS arrangements.
Since the balance sheet date, the directors have announced a second interim dividend of 16 US cents per ordinary share for the
year ended 31 March 2010. No part of this dividend is included as a liability in these nancial statements.
Further details of Experian dividends and payment arrangements are given in note 15 to the Group nancial statements.