Experian 2010 Annual Report Download - page 160

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Experian Annual Report 2010 Financial statements158
Notes to the parent company nancial statements (continued)
N. Commitments
The Company has an annual operating lease commitment and related annual cost of US$0.4m (2009: US$0.5m) in respect of
the corporate headquarters in Dublin and this commitment expires in more than ve years. There are no signicant capital
commitments relating to the Company.
O. Contingencies
The Company has guaranteed borrowings of subsidiary undertakings of US$1,305m (2009: US$1,481m) together with the
liabilities of The Experian plc Employee Share Trust and the Experian UK Approved All-Employee Share Plan.
The Company has guaranteed the retirement benet obligations of subsidiary undertakings that participate in the Experian
Pension Scheme together with the retirement benet obligations of a subsidiary undertaking that participates in the Pension
and Life Assurance Plan of Sanderson Systems Limited, a small dened benet pension plan.
The Company has issued a small number of other guarantees in connection with the performance of operational business
contracts by subsidiary undertakings.
P. Share options and awards
Details of options and awards in respect of the ordinary shares of the Company are given in note 29 to the Group nancial
statements together with a summary of the total cost of share-based compensation in respect of such plans. Details of
such options and awards and the cost of share-based compensation in respect of the two employees of the Company are not
separately disclosed within the Company’s nancial statements as the amounts involved are not material. Details of such
options and awards in respect of directors of the Company are given in the audited part of the report on directors’ remuneration.
Q. Signicant subsidiary and associate undertakings at 31 March 2010
Country of
incorporation
Experian Finance plc England and Wales
Experian Holdings Limited England and Wales
Experian Limited England and Wales
Experian Integrated Marketing Limited England and Wales
QAS Limited England and Wales
Experian Holdings Ireland Limited Ireland
Experian Ireland Investments Limited Ireland
Hitwise Pty Ltd Australia
Serasa SA Brazil
Experian A/S Denmark
Experian AS Norway
Experian Holdings, Inc. USA
ConsumerInfo.com Inc. USA
PriceGrabber.com, Inc. USA
LowerMyBills, Inc. USA
Experian Information Solutions Inc. USA
Experian Services Corporation USA
Experian Marketing Solutions Inc. USA
Associate
First American Real Estate Solutions LLC USA
The results of the above undertakings are included in the Group nancial statements.
The Company holds direct or indirect interests in the whole of the issued ordinary shares of these undertakings apart
from Serasa SA and First American Real Estate Solutions LLC where its interests are 70% and 20% respectively. The
only undertakings listed that are held directly by the Company are Experian Holdings Ireland Limited and Experian Ireland
Investments Limited.
The Company has no transactions in 2010 or 2009 with subsidiary undertakings which are not wholly-owned and which require
disclosure under FRS 8.