Experian 2011 Annual Report Download - page 160

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158 Experian Annual Report 2011
Notes to the parent company financial statements continued
S. Contingencies
The Company has guaranteed borrowings of Group undertakings of US$1,351m (2010: US$1,305m) together with the liabilities of The Experian
plc Employee Share Trust and the Experian UK Approved All-Employee Share Plan.
The Company has guaranteed the retirement benet obligations of Group undertakings that participate in the Experian Pension Scheme
together with the retirement benet obligations of a Group undertaking that participates in the Pension and Life Assurance Plan of Sanderson
Systems Limited, a small dened benet pension plan.
The Company has issued a small number of other guarantees in connection with the performance of operational business contracts by Group
undertakings.
T. Share options and awards
Details of options and awards in respect of the ordinary shares of the Company are given in note 33 to the Group nancial statements together
with a summary of the total cost of share-based compensation in respect of such plans. Details of such options and awards and the cost of
share-based compensation in respect of the two employees of the Company are not separately disclosed within the Company’s nancial
statements as the amounts involved are not material. Details of such options and awards in respect of directors of the Company are given in the
audited part of the report on directors’ remuneration.
U. Principal subsidiary undertakings at 31 March 2011
Principal activity
Country of
incorporation
Experian Finance plc Holding company England and Wales
Experian Holdings Limited Holding company England and Wales
Experian Limited Information services England and Wales
QAS Limited Marketing services England and Wales
Experian Holdings Ireland Limited Holding company Ireland
Experian Ireland Investments Limited Finance company Ireland
Hitwise Pty Ltd Marketing services Australia
Serasa SA Information services Brazil
Experian A/S Information services Denmark
Experian AS Information services Norway
Experian South Africa (Pty) Limited Information services South Africa
ConsumerInfo.com Inc. Interactive business USA
Experian Holdings, Inc. Holding company USA
Experian Information Solutions Inc. Information services USA
Experian Marketing Solutions Inc. Marketing services USA
Experian Services Corporation Administrative services USA
LIM Holdings Inc. Interactive business USA
LMB Mortgage Services Inc. Interactive business USA
PriceGrabber.com, Inc. Interactive business USA
The results of the above undertakings are included in the Group nancial statements.
The Company holds direct or indirect interests in the whole of the issued ordinary shares of these undertakings apart from Serasa SA, in which
its interest is 70%, and Experian South Africa (Pty) Limited, in which its interest is 75%. The only undertakings listed that are held directly by the
Company are Experian Holdings Ireland Limited and Experian Ireland Investments Limited.
The Company had no transactions in 2011 or 2010 with Group undertakings which are not wholly-owned and which require disclosure under FRS 8.