Experian 2016 Annual Report Download - page 139
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137•Notes to the Group nancial statementsFinancial statements
(b) Profit/(loss) on disposal of businesses
The profit before tax on the disposal of businesses in the year ended 31 March 2016 primarily related to the disposals of the FootFall
and Baker Hill businesses and the consumer insights businesses, Hitwise and Simmons. The net profit of US$57m and the related
cash inflow in the year of US$150m are analysed in the table below.
US$m
Goodwill 85
Other intangible assets 40
Property, plant and equipment 3
Deferred tax assets 5
Inventories 2
Trade and other receivables 31
Cash and cash equivalents 4
Trade and other payables (40)
Net assets disposed 130
Disposal proceeds and costs:
Proceeds 213
Transaction costs (24)
Recycled cumulative exchange loss (2)
Disposal proceeds, net of costs 187
Profit before tax on disposal 57
Cash inflow from disposal:
Proceeds received in cash 214
Cash and cash equivalents sold with businesses (4)
Tax paid on disposal (42)
Other transaction costs paid (18)
Net cash inflow 150
The loss on disposal of businesses of US$2m in the prior year related to small disposals with a cash inflow of US$18m.
(c) North America security incident related costs
In September 2015 Experian North America suffered an unauthorised intrusion to its Decision Analytics computing environment
that allowed unauthorised acquisition of certain data belonging to a client, T-Mobile USA, Inc. Experian notified the individuals who
may have been affected and offered free credit monitoring and identity theft resolution services. In addition, government agencies
were notified as required by law.
The one-off costs to Experian of directly responding to this incident are reflected in a charge of US$20m in the year ended 31 March 2016.