Notes to the Group financial statements

for the year ended 31 March 2009

37. Related parties

The ultimate parent company of the Group is Experian plc which is incorporated in Jersey. Significant subsidiary and associate undertakings at 31 March 2009 are shown in note Q to the financial statements of that company.

The Group’s only material related parties are associates and key management personnel. Transactions with such parties during the year were as follows:

(a) Associates

The Group made net sales and recharges, under normal commercial terms and conditions that would be available to third parties, to FARES and its associate First Advantage Corporation of US$25m (2008: US$28m). Amounts receivable from FARES are shown within note 19. These amounts outstanding are unsecured and will be settled in cash. No guarantees have been given or received in the year in connection with the Group’s trading with these entities. No provisions have been made for doubtful debts in respect of the amounts owed by associates.

(b) Key management personnel

Remuneration of key management personnel is disclosed in note 7. Other than remuneration, there were no material transactions or balances between the Group and its key management personnel or members of their close families in either the current or previous year.