Experian 2013 Annual Report Download - page 170
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168 Experian Annual Report 2013 Financial statements
Notes to the parent company financial statements
continued
Q. Commitments
The Company has an annual operating lease commitment and related annual cost of US$0.5m (2012: US$0.6m) in respect of the corporate
headquarters in Dublin and this commitment expires in April 2017. The Company has no significant capital commitments.
R. Contingencies
The Company has guaranteed:
•borrowings of Group undertakings of US$2,637m (2012: US$1,531m);
•the liabilities of The Experian plc Employee Share Trust and the Experian UK Approved All-Employee Share Plan;
•retirement benefit obligations of Group undertakings that participate in the Experian Pension Scheme; and
•the retirement benefit obligations of a Group undertaking that participates in a small UK defined benefit pension plan.
The Company has also issued a small number of other guarantees in connection with the performance of operational business contracts by
Group undertakings.
S. Share awards and options
Details of awards and options in respect of the ordinary shares of the Company are given in note 35 to the Group financial statements together
with a summary of the total cost of share-based compensation in respect of such plans. Such details in respect of the two employees of the
Company are not separately disclosed within these financial statements as the amounts involved are not material. Details of awards and
options in respect of directors of the Company are given in the audited part of the report on directors’ remuneration.