The following abbreviations are used in this Annual Report, and are taken to have the following meanings:
Abbreviation | Meaning |
AFS | Arvato Financial Solutions |
AGM | Annual General Meeting |
AI | Artificial intelligence |
APAC | Asia Pacific |
API | Application Programming Interface |
B2B | Business-to-Business |
B2B2C | Business-to-Business-to-Consumer |
B2C | Business-to-Consumer |
Benchmark EBIT | Benchmark earnings before interest and tax. See note 6 to the Group financial statements |
Benchmark EBITDA | Benchmark earnings before interest, tax, depreciation and amortisation. See note 6 to the Group financial statements |
Benchmark EPS | Benchmark earnings per share. See note 6 to the Group financial statements |
Benchmark operating cash flow | See note 6 to the Group financial statements |
Benchmark PBT | Benchmark profit before tax. See note 6 to the Group financial statements |
CCM | Experian's email/cross-channel marketing business (a discontinued operation) |
CCPA | California Consumer Privacy Act |
CDP | Formerly known as Carbon Disclosure Project, a non-profit charity that runs the global environmental disclosure system |
CEO | Chief Executive Officer |
CFO | Chief Financial Officer |
CFPB | Consumer Financial Protection Bureau |
CGU | Cash-generating unit |
CIP | Co-investment Plans |
Code | The UK Corporate Governance Code |
Company | Experian plc |
COO | Chief Operating Officer |
CPIH | The Consumer Price Index including owner occupiers' housing costs |
CPRA | California Privacy Rights Act |
DEFRA | The UK government’s Department for Environment, Food and Rural Affairs |
DEI | Diversity, equity and inclusion |
EITS | Experian Information Technology Services |
EMEA | Europe, Middle East and Africa |
EPS | Earnings per share |
ERG | Employee Resource Group |
ERMC | Executive Risk Management Committee |
ESEF | European Single Electronic Format |
ESG | Environmental, Social and Governance |
FBU | Fair, balanced and understandable |
FCA | The UK Financial Conduct Authority |
FRS | Financial Reporting Standard |
FTE | Full-time equivalent |
FVOCI | Fair value through Other comprehensive income |
FVPL | Fair value through profit or loss |
FX | Foreign exchange rate(s) |
FY18 | Year ended 31 March 2018 |
FY19 | Year ended 31 March 2019 |
FY20 | Year ended 31 March 2020 |
FY21 | Year ended 31 March 2021 |
FY22 | Year ended 31 March 2022 |
FY23 | Year ending 31 March 2023 |
FY24 | Year ending 31 March 2024 |
GAAP | Generally Accepted Accounting Practice |
GDP | Gross Domestic Product |
GDPR | General Data Protection Regulation |
H1 | The first half of Experian’s financial year, being the six months ending 30 September |
H2 | The second half of Experian’s financial year, being the six months ending 31 March |
HMRC | The UK’s ‘Her Majesty’s Revenue and Customs’ |
IAS | International Accounting Standard |
IAS arrangement | Income Access Share arrangement for the payment of dividends from a UK source |
IASB | International Accounting Standards Board |
IBOR | Interbank offered rate |
IFRIC | International Financial Reporting Standards Interpretations Committee |
IFRS or IFRSs | International Financial Reporting Standards |
IP | Intellectual property |
IRS | The US Internal Revenue Service |
ISO | International Organization for Standardization |
KPI | Key performance indicator |
Last Year | Year ended 31 March 2021 |
LGPD | Brazil General Data Protection Law |
LIBOR | London Interbank Offered Rate |
MSCIP | Marketing Services Consumer Information Portal |
NED | Non-executive director |
NGO | Non-governmental organisation |
NPS | Net Promoter Score |
OCI | Other comprehensive income |
OpCo | Group Operating Committee |
The Policy | Directors’ remuneration policy |
PSP | Performance Share Plan |
Q1 | The first quarter of Experian’s financial year, being the three months ending 30 June |
Q2 | The second quarter of Experian’s financial year, being the three months ending 30 September |
Q3 | The third quarter of Experian’s financial year, being the three months ending 31 December |
Q4 | The fourth quarter of Experian’s financial year, being the three months ending 31 March |
ROCE | Return on capital employed |
SaaS | Software-as-a-Service |
SBTi | Science Based Target initiative |
SOFR | Secured Overnight Financing Rate |
SONIA | Sterling Overnight Index Average |
TCFD | Task Force on Climate-related Financial Disclosures |
This year | |
TSR | Total shareholder return |
WACC | The Group’s pre-tax weighted average cost of capital |