Experian 2011 Annual Report Download - page 156

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154 Experian Annual Report 2011
Notes to the parent company financial statements continued
H. Interest payable and similar charges
2011
US$m
2010
US$m
Interest on amounts owed to Group undertakings 0.5 0.2
Losses in connection with commitments to purchase own shares 2.1 -
Interest payable and similar charges 2.6 0.2
I. Tax on loss on ordinary activities
Tax credit for the year
The tax credit for the year ended 31 March 2010 represented consideration received from Group undertakings in respect of 2009 tax losses
surrendered.
Reconciliation of tax credit for the year 2011
US$m
2010
US$m
Loss on ordinary activities before tax (20.9) (23.6)
Loss on ordinary activities multiplied by the applicable rate of tax of 25% (2010: 25%) (5.2) (5.9)
Effects of:
Income not taxable (2.3) (0.6)
Tax losses not utilised 7.5 6.5
Adjustments in respect of prior year - 0.3
Current tax credit for the year - 0.3
Factors that may affect future tax charges
In the foreseeable future, the Company’s tax charge will continue to be inuenced by the nature of its income and expenditure and could be
affected by changes in Irish and Jersey tax law.
The Company has no recognised deferred tax (2010: US$nil) and has not recognised deferred tax of US$28m (2010: US$20m) in respect of tax
losses.
J. Dividends
During the year ended 31 March 2011, the Company paid interim dividends of US$30.5m (2010: US$21.0m) to those shareholders who did
not elect to receive dividends under the Income Access Share (‘IAS’) arrangements. Total dividends of US$251.1m (2010: US$205.7m) were
paid to Experian shareholders during the year with the balance of US$220.6m (2010: US$184.7m) paid by Experian Finance plc under the IAS
arrangements.
Since the balance sheet date, the directors have announced a second interim dividend of 19 US cents per ordinary share for the year ended 31
March 2011. No part of this dividend is included as a liability in these nancial statements.
Further details of Experian dividends and payment arrangements are given in note 19 to the Group nancial statements.