Experian 2011 Annual Report Download - page 117

Download and view the complete annual report

Please find page 117 of the 2011 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

Financial statements 115
12. Average number of employees
2011 2010
Full time Part time Full time
equivalent
Full time Part time Full time
equivalent
North America 5,427 99 5,477 5,480 145 5,553
Latin America 2,555 154 2,632 2,548 82 2,589
UK and Ireland 3,184 229 3,299 3,389 157 3,468
EMEA/Asia Pacic 3,229 75 3,267 2,938 99 2,988
Total operating segments 14,395 557 14,675 14,355 483 14,598
Central Activities 96 12 102 90 3 92
Total continuing operations 14,491 569 14,777 14,445 486 14,690
The average number of employees includes executive directors.
13. Exceptional items and total adjustments to Benchmark PBT - continuing operations
(a) Exceptional items
2011
US$m
2010
(Re-presented)
(Note 3)
US$m
Restructuring costs 10 41
Gain in respect of dened benet pension plan (29) -
Loss on disposal of businesses 21 24
Cessation of bureau activities - 3
Total exceptional items 2 68
Exceptional items by income statement caption:
Labour costs (23) 21
Data and information technology costs 12
Depreciation and amortisation 33
Other operating charges 21 42
Total exceptional items 2 68
Expenditure of US$10m (2010: US$41m) arose in the year in connection with the conclusion of the Group’s strategic programme of cost
efciency measures. Of this, US$6m (2010: US$21m) related to redundancy, US$1m (2010: US$17m) related to offshoring activities,
infrastructure consolidations and other restructuring activities and US$3m (2010: US$3m) related to asset write-offs.
The gain of US$29m in respect of the dened benet pension plan in the year ended 31 March 2011 arose as a consequence of a change by the
UK Government to the index required to be used in determining pension increases for benets accrued in respect of past service (see note 34).
The loss on disposal of businesses in the year ended 31 March 2011 principally related to the completion of a number of small disposals of
businesses whose assets and liabilities were classied as held for sale at 31 March 2010 (see note 41). There was a related cash inow of
US$12m in the year ended 31 March 2011. The loss on disposal of businesses in the year ended 31 March 2010 primarily arose as a result of the
disposal of the National Business Database in North America and there was a cash inow on disposals of US$6m in that year.
During the year ended 31 March 2010, the Group completed the closure of its Canadian credit bureau and terminated its joint venture bureau in
Japan.
A reconciliation of total exceptional items to the cash outow in respect of exceptional items, other than on the disposal of businesses, is given
in note 39(g).