Experian 2011 Annual Report Download - page 138

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136 Experian Annual Report 2011
Notes to the Group nancial statements continued
33. Share-based payments (continued)
(ii) Information relating to share grant valuation techniques
Share grants are valued by reference to the market price on the day of award with no modications made for dividend distributions or other
factors as participants are entitled to dividend distributions on awarded shares. Market-based performance conditions are included in the fair
value measurement on grant date and are not revised for actual performance.
(iii) Movement in number of share awards outstanding 2011
million
2010
million
At 1 April 16.2 20.8
Grant of awards 9.4 4.4
Forfeiture of awards (1.0) (0.6)
Lapse of awards -(1.8)
Vesting of awards (3.7) (6.6)
At 31 March 20.9 16.2
Awards granted in the year had a weighted average fair value of £6.32 (2010: £4.65).
(c) Cost of share-based compensation 2011
US$m
2010
US$m
Share options 14 12
Share awards 50 46
Expense recognised (all equity settled) 64 58
Costs of associated social security obligations -5
Total expense recognised in Group income statement 64 63
Reported as follows:
Employee benet costs within Benchmark PBT 51 32
Charge in respect of demerger-related equity incentive plans (excluded from Benchmark PBT) 13 26
Expense recognised (all equity settled) 64 58
Costs of associated social security obligations (included in Benchmark PBT) -3
Costs of associated social security obligations (excluded from Benchmark PBT) -2
Total expense recognised in Group income statement 64 63
The costs of associated social security obligations include the costs of derivatives, in the form of equity swaps, entered into in connection with
such obligations.