Experian 2016 Annual Report Download - page 178

176
Notes to the Company financial statements continued
for the year ended 31 March 2016
Financial statements •Notes to the Company nancial statements
M. Investments – shares in Group undertakings continued
During the year ended 31 March 2016, the issued ordinary share capital of a group undertaking was transferred to the Company
from a subsidiary undertaking for a consideration of US$1,368.1m. During March 2016, the transferred company commenced
voluntary liquidation. This process is expected to be completed later in 2016 and should result in no material gain or loss to the
Company. These transactions arose in connection with a Group reorganisation.
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$7,967.9m (see note H). These transactions
arose in connection with a Group reorganisation.
N. Debtors – amounts falling due within one year
2016
US$m
2015
US$m
Amounts owed by Group undertakings 12,478.4 11,29 6.0
Other debtors 0.1 0.8
12,478.5 11,296 .8
Amounts owed by Group undertakings are primarily unsecured, interest free and repayable on demand.
O. Creditors – amounts falling due within one year
2016
US$m
2015
US$m
Amounts owed to Group undertakings 4,826.8 1,643.7
Tax and social security –0.3
Accruals and deferred income 1.7 1.0
4,828.5 1,645.0
Amounts owed to Group undertakings are primarily unsecured, interest free and repayable on demand.
P. Called up share capital and share premium account
2016
US$m
2015
US$m
Allotted and fully paid
1,023,001,249 (2015: 1,032,848,394) ordinary shares of 10 US cents 78.3 79.3
20 (2015: 20) deferred shares of 10 US cents – –
78.3 79.3
At 31 March 2016 and 31 March 2015, the authorised share capital was US$200m, divided into 1,999,999,980 ordinary shares and
20 deferred shares each of 10 US cents. The ordinary shares carry the rights to (i) dividend, (ii) to attend or vote at general meetings
and (iii) to participate in the assets of the Company beyond repayment of the amounts paid up or credited as paid up on them. The
deferred shares carry no such rights.
During the year ended 31 March 2016, the Company issued 1,028,645 ordinary shares for a consideration of US$12.8m. Issues of
shares were made in connection with the Group’s share incentive arrangements, details of which are given in note 30 to the Group
financial statements. The difference between the consideration and the par value of the share issued is recorded in the share
premium account.
During the year ended 31 March 2016, 10,875,790 ordinary shares were cancelled after being purchased by the Company.