Experian 2014 Annual Report Download - page 163
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Financial statements • Notes to the Group financial statements 159
These provisional fair values contain amounts which will be finalised no later than one year after the dates of acquisition. Provisional
amounts have been included at 31 March 2014 as a consequence of the timing and complexity of the acquisitions. Goodwill
represents the synergies, assembled workforces and future growth potential of the businesses. None of the goodwill arising in the
year of US$831m is currently deductible for tax purposes.
(c) Additional information
(i) For current year acquisitions
Passport Health
Communications,
Inc.
US$m
The 41st
Parameter Inc
US$m
Other
US$m
Total
US$m
Increase in book value from fair value adjustments:
Intangible assets 416 87 28 531
Other assets and liabilities (145) (17) (8) (170)
Increase in book value from fair value adjustments 271 70 20 361
Gross contractual amounts receivable in respect of trade
and other receivables 28 2 3 33
Revenue from 1 April 2013 to dates of acquisition 85 13 1 99
Revenue from dates of acquisition to 31 March 2014 45 14 11 70
Loss before tax from dates of acquisition to 31 March 2014 – (8) – (8)
At the dates of acquisition, the gross contractual amounts receivable in respect of trade and other receivables of US$33m were
expected to be collected in full.
It has been impracticable to estimate the impact on Group profit after tax had the acquired entities been owned from 1 April 2013, as
their accounting policies and period end dates did not accord with those of the Group prior to their acquisition.
(ii) For current and prior year acquisitions
There have been no material gains, losses, error corrections or other adjustments recognised in the year ended 31 March 2014 that
relate to acquisitions in the current or prior years.
41. Acquisition of additional interest in Serasa – year ended 31 March 2013
In November 2012, the Group completed the acquisition of a further 29.6% interest in Serasa SA taking its holding to 99.6%. This
transaction was not a related party transaction under IFRS. The treatment of the changes in this ownership interest in the Group
statement of changes in total equity for the year ended 31 March 2013 is summarised below.
US$m
Increase in equity attributable to owners of Experian plc:
Payments to acquire additional interest in Serasa – charged to equity (1,500)
De-recognition of put option liability – credited to equity 1,487
Deferred tax asset recognised 462
Movement on de-recognition of non-controlling interest 85
Increase in equity attributable to owners of Experian plc 534
De-recognition of non-controlling interest (85)
Increase in total equity 449
The cash outflow of US$1,500m in respect of this transaction is further analysed in note 39(g).