Experian 2011 Annual Report Download - page 159

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Financial statements 157
P. Reserves
Year ended 31 March 2011
Own
shares
reserve
US$m
Prot
and loss
account
US$m
Total prot
and loss
account
reserve
US$m
At 1 April 2010 (92.2) 7,275.9 7,183.7
Loss for the nancial year - (20.9) (20.9)
Dividends paid during the nancial year - (30.5) (30.5)
Purchase of own shares (334.4) - (334.4)
Purchase of own shares by employee trusts and in respect of employee share incentive plans (60.6) 0.5 (60.1)
Exercise of share options and awards 85.7 (35.6) 50.1
Credit in respect of employee share incentive plans - 64.6 64.6
At 31 March 2011 (401.5) 7,254.0 6,852.5
Year ended 31 March 2010
Own
shares
reserve
US$m
Prot
and loss
account
US$m
Total prot
and loss
account
reserve
US$m
At 1 April 2009 (78.7) 7,348.5 7,269.8
Loss for the nancial year - (23.3) (23.3)
Dividends paid during the nancial year - (21.0) (21.0)
Purchase of own shares by employee trusts and in respect of employee share incentive plans (164.3) (17.9) (182.2)
Exercise of share options and awards 150.8 (68.8) 82.0
Credit in respect of employee share incentive plans - 58.4 58.4
At 31 March 2010 (92.2) 7,275.9 7,183.7
The balance on the own shares reserve represents the cost of some 38.3m (2010: 10.8m) ordinary shares in the Company. These include 30.0m
shares purchased during the year at a cost of US$334.4m in connection with the share buyback programme and held as treasury shares. A
further 8.3m (2010: 10.8m) ordinary shares are held, to satisfy obligations under employee share incentive plans, in The Experian plc Employee
Share Trust and the Experian UK Approved All-Employee Share Plan. During the year ended 31 March 2011, 6.8m (2010: 18.2m) ordinary shares
were purchased by these trusts and 9.3m (2010: 18.0m) ordinary shares were transferred from these trusts to beneciaries of employee share
incentive plans.
The balance on the prot and loss account comprises net prots retained by the Company after the payment of equity dividends.
Q. Reconciliation of movements in total shareholders’ funds
2011
US$m
2010
US$m
Loss for the nancial year (20.9) (23.3)
Dividends paid during the nancial year (30.5) (21.0)
Purchase of own shares (334.4) -
Purchase of own shares by employee trusts and in respect of employee share incentive plans (60.1) (182.2)
Shares issued under share incentive plans 57.2 86.3
Credit in respect of employee share incentive plans 64.6 58.4
Net decrease in total shareholders’ funds (324.1) (81.8)
Opening total shareholders’ funds 8,386.6 8,468.4
Closing total shareholders’ funds 8,062.5 8,386.6
R. Commitments
The Company has an annual operating lease commitment and related annual cost of US$0.5m (2010: US$0.4m) in respect of the corporate
headquarters in Dublin and this commitment expires in more than ve years. There are no signicant capital commitments relating to the
Company.