Experian 2015 Annual Report Download - page 46
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Reconciliation of amortisation, depreciation and impairment charges
Year ended 31 March
2015
US$m
2014
US$m
As reported in the Group income statement 518 524
Less: amortisation and impairment of acquisition intangibles (134) (131)
Less: exceptional asset write-off –(7)
Less: impairment of goodwill –(15)
As reported in the cash flow and Net debt summary 384 371
Financial review continued
Supplementary revenue and profit performance information
Income statement, earnings and tax rate analysis – continuing operations
Year ended 31 March
2015 2014
Benchmark
US$m
Non-
benchmark1
US$m
Total
US$m
Benchmark
US$m
Non-
benchmark1
US$m
Total
US$m
Revenue 4,810 –4,810 4,840 –4,840
Labour costs (1,799) –(1,799) (1,769) (61) (1,830)
Data and information technology costs (470) –(470) (481) –(481)
Amortisation, depreciation and impairment charges (384) (134) (518) (371) (153) (524)
Marketing and customer acquisition costs (365) –(365) (405) –(405)
Other operating charges (491) (10) (501) (510) 4(506)
Total operating expenses (3,509) (144) (3,653) (3,536) (210) (3,746)
Operating profit/(loss) 1,301 (144) 1,157 1,304 (210) 1,094
Share of profit of associates 5 – 5 2 – 2
EBIT 1,306 1,306
Non-benchmark items (144) (210)
Profit/(loss) before net finance costs and tax 1,306 (144) 1,162 1,306 (210) 1,096
Net finance income/(costs) (75) (81) (156) (74) 27 (47)
Profit/(loss) before tax 1,231 (225) 1,006 1,232 (183) 1,049
Group tax credit/(charge) (300) 45 (255) (329) 27 (302)
Profit/(loss) after tax 931 (180) 751 903 (156) 747
Attributable to:
Owners of Experian plc 930 (179) 751 899 (153) 746
Non-controlling interests 1(1) –4(3) 1
Profit/(loss) after tax 931 (180) 751 903 (156) 747
US cents US cents US cents US cents US cents US cents
Basic earnings/(loss) per share 95.2 (18.3) 76.9 91.7 (15.6) 76.1
% % % % % %
Effective rate of tax 24.4 20.0 25.3 26.7 14.8 28.8
1 The loss before tax for non-benchmark items of US$225m (2014: US$183m) comprises charges for exceptional items of US$2m (2014: US$54m) and other
adjustments analysed below, with further information given in notes 13 and 14 to the Group financial statements.
Other adjustments made to derive Benchmark PBT
Year ended 31 March
2015
US$m
2014
US$m
Amortisation and impairment of acquisition intangibles 134 131
Impairment of goodwill –15
Acquisition expenses 110
Adjustment to the fair value of contingent consideration 7–
Financing fair value remeasurements 81 (27)
Other adjustments made to derive Benchmark PBT 223 129
44 Strategic report •44 Financial review
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