Experian 2009 Annual Report Download - page 133

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131Experian Annual Report 2009
Introduction
2 – 7
Business review
8 – 43
Governance
44 – 72
Financial statements
Group nancial statements
31. Reconciliation of movements in total equity (continued)
The analysis of other reserves is as follows:
To t a l
Own Merger Hedging Translation other
shares reserve reserve reserve reserves
Year ended 31 March 2009 US$m US$m US$m US$m US$m
At 1 April 2008 (132) (15,682) 11 150 (15,653)
Exercise of share options 20 – – – 20
Net expense recognised directly in equity for the year – – – (384) (384)
At 31 March 2009 (112) (15,682) 11 (234) (16,017)
Total
Own Merger Hedging Translation other
shares reserve reserve reserve reserves
Year ended 31 March 2008 US$m US$m US$m US$m US$m
At 1 April 2007 (163) (15,682) 18 54 (15,773)
Exercise of share options 37 – – – 37
Purchase of own shares by employee trusts (6) – – – (6)
Net income recognised directly in equity for the year – – (7) 96 89
At 31 March 2008 (132) (15,682) 11 150 (15,653)
At 31 March 2009, the balance on the own shares reserve represents the cost of shares in the Company held by the Experian
plc Employee Share Trust and the Experian UK Approved All-Employee Share Plan to satisfy certain of the Group’s obligations
under its share incentive plans. During the year ended 31 March 2008 these trusts purchased 509,518 shares in the Company at a
cost of US$6m.
The merger reserve arose on the demerger in October 2006 and represents the difference between the share capital and
share premium of GUS plc and the nominal value of the share capital of the Company before the global offer and subsequent
share issues.
Movements on the hedging reserve and the position at the balance sheet date reect hedging transactions which are not
charged or credited to the Group income statement, net of related taxation.
Movements on the translation reserve and the position at the balance sheet date reect foreign currency translations since
1 April 2004 which are not charged or credited to the Group income statement, net of related taxation.