Experian 2015 Annual Report Download - page 172

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171
Notes to the Company nancial statements
•
Financial statements
H. Dividends
Total dividends of US$373.7m (2014: US$348.6m) were paid to Experian shareholders during the year. The Company paid interim dividends
of US$18.7m (2014: US$14.2m) to those shareholders who did not elect to receive dividends under the Income Access Share (‘IAS’)
arrangements. The balance of US$355.0m (2014: US$334.4m) was paid by a subsidiary undertaking, Experian (UK) Finance Limited
(‘EUKFL’), under the IAS arrangements. The Company’s profit and loss account reserve is available for distribution by way of dividend.
At 31 March 2015, the distributable reserves of EUKFL as determined under UK company law are US$8,170.1m (2014: US$8,755.1m).
Since the balance sheet date, the directors have announced a second interim dividend of 27.0 US cents per ordinary share for the
year ended 31 March 2015. No part of this dividend is included as a liability in these financial statements. Further details of payment
arrangements, including the IAS arrangements, are given in the Shareholder and corporate information section of the Annual Report.
I. Investments – shares in group undertakings
US$m
Cost and net book amount
At 1 April 2014 5,895.9
Additions – fair value of share incentives issued to Group employees 47.3
Other additions 865.1
Disposals (1,332.1)
At 31 March 2015 5,476.2
A list of the Company’s principal subsidiary undertakings is given in note P. The Company directly holds interests in the whole of the
issued share capital of the following undertakings.
Company Principal activity Country of incorporation
Experian Holdings (UK) Limited Holding company England and Wales
Experian Finance Holdings Limited Finance company Ireland
Experian Group Services Limited Administrative services Ireland
Experian Holdings Ireland Limited Holding company Ireland
Experian Ireland Investments Limited Holding company Ireland
During the year ended 31 March 2015, the Company subscribed for additional shares in Experian Investment Holdings Limited (‘EIHL’) at
a cost of US$865.0m, with the consideration satisfied by the release of an amount owing by EIHL, and for shares in a newly incorporated
subsidiary undertaking, Experian Holdings (UK) Limited (‘EHUKL’), at a cost of US$0.1m. The Company subsequently transferred
its investment in EIHL to EHUKL at market value and recognised a profit of US$7,967.9m (see note E). These transactions arose in
connection with a Group reorganisation.
J. Debtors – amounts falling due within one year
2015
US$m
2014
US$m
Amounts owed by Group undertakings 11,296.0 1,566.6
Other debtors 0.8 1.4
11,296.8 1,568.0
Amounts owed by Group undertakings are primarily unsecured, interest free and repayable on demand.