Experian 2011 Annual Report Download - page 121

Download and view the complete annual report

Please find page 121 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 119
15. Tax charge/(credit) in the Group income statement (continued)
(c) Factors that may affect future tax charges
In the foreseeable future, the Group’s tax charge will continue to be inuenced by the prole of prots earned in the different countries in which
the Group’s businesses operate and could be affected by changes in tax law. In the UK, the main rate of corporation tax has been reduced from
28% to 26% with effect from 1 April 2011. Further proposed reductions to the main rate will reduce it by 1% per annum to 23% from 1 April 2014.
Each of these further proposed reductions is expected to be separately enacted and has not yet been substantively enacted.
16. Tax recognised in other comprehensive income and directly in equity
(a) Tax recognised in other comprehensive income
Year ended 31 March 2011 Year ended 31 March 2010
Before tax
US$m
Tax (charge)/
credit
US$m
After tax
US$m
Before tax
US$m
Tax (charge)/
credit
US$m
After tax
US$m
Fair value gains – available for sale nancial assets 4 1 5 7 (2) 5
Actuarial gains/(losses) – dened benet pension plans 107 (30) 77 (28) 8 (20)
Currency translation differences 142 - 142 218 (9) 209
Reclassication of cumulative fair value losses –
available for sale nancial assets - - - 5 - 5
Other comprehensive income 253 (29) 224 202 (3) 199
Current tax 1-
Deferred tax (30) (3)
Other comprehensive income (29) (3)
(b) Tax credit recognised directly in equity on transactions with owners 2011
US$m
2010
US$m
Current tax 5 4
Deferred tax 15 8
20 12
The tax credit recognised directly in equity relates to employee share incentive plans.