Experian 2011 Annual Report Download - page 124

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122 Experian Annual Report 2011
Notes to the Group nancial statements continued
18. Basic and diluted earnings per share (continued)
Reconciliation of benchmark earnings to prot for the nancial year
2011
US$m
2010
(Re-presented)
(Note 3)
US$m
Overall benchmark earnings (non-GAAP measure) 753 692
Prot from discontinued operations 73 27
Loss from exceptional items and total adjustments to Benchmark PBT (203) (83)
Prot for thenancial year 623 636
Weighted average number of ordinary shares 2011
million
2010
million
Weighted average number of ordinary shares 1,002 1,015
Dilutive effect of share incentive awards 22 15
Diluted weighted average number of ordinary shares 1,024 1,030
19. Dividends
2011 2010
US cents
per share US$m
US cents
per share US$m
Amounts recognised and paid during the nancial year:
First interim - paid in January 2011 (2010: January 2010) 9.00 90 7.00 71
Second interim - paid in July 2010 (2010: July 2009) 16.00 161 13.25 135
Ordinary dividends paid on equity shares 25.00 251 20.25 206
Full year dividend for the nancial year ended 31 March 28.00 278 23.00 232
A dividend of 19 US cents per ordinary share will be paid on 22 July 2011 to shareholders on the register at the close of business on 24 June 2011 and
is not included as a liability in these nancial statements. This dividend, together with the rst interim dividend of 9 US cents per ordinary share paid
in January 2011, comprises the full year dividend for the year ended 31 March 2011 of 28 US cents.
Unless shareholders elect by 24 June 2011 to receive US dollars, their dividends will be paid in sterling at a rate per share calculated on the basis of
the exchange rate from US dollars to sterling on 1 July 2011.
Pursuant to the Income Access Share arrangements put in place as part of the demerger of Experian and Home Retail Group in October 2006,
shareholders in the Company can elect to receive their dividends from a UK source (the ‘IAS election’). Shareholders who held 50,000 or fewer
Experian shares (i) on the date of admission of the Company’s shares to listing on the London Stock Exchange and (ii) in the case of shareholders
who did not own shares at that time, on the rst dividend record date after they became shareholders in the Company, unless they elect otherwise,
will be deemed to have elected to receive their dividends under the IAS election arrangements. Shareholders who hold more than 50,000 shares and
who wish to receive their dividends from a UK source must make an IAS election. All elections remain in force indenitely unless revoked. Unless
shareholders have made an IAS election, or are deemed to have made an IAS election, dividends will be received from an Irish source and will be
taxed accordingly.
Beginning with the second interim dividend to be paid in July 2011, shareholders who have elected to receive their dividends under the IAS election
arrangements will receive their dividends from Experian (UK) Finance Limited, and not Experian Finance plc as previously.
The employee trusts waived their entitlements to dividends of US$3m (2010: US$2m). There is no entitlement to dividend in respect of own shares
held in Treasury.