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Investments in Affiliated Companies
12 Months Ended
Dec. 31, 2013
Investments in Affiliated Companies [Abstract]  
Investments in Affiliated Companies
Investments in Affiliated Companies
Investments in affiliated companies represent our investment in non-consolidated domestic and foreign entities. These entities are in businesses similar to ours, such as credit reporting, credit scoring and credit monitoring services. All of the investments in affiliated companies are owned by TransUnion Corp. TransUnion Holding has no equity method investments other than the equity method investments owned by TransUnion Corp.
We use the equity method to account for investments in affiliates where we have at least a 20% ownership interest or where we are able to exercise significant influence. For these investments, we adjust the carrying value for our proportionate share of the affiliates’ earnings, losses and distributions, as well as for purchases and sales of our ownership interest.
We use the cost method to account for all other nonmarketable investments. For these investments, we adjust the carrying value for purchases and sales of our ownership interests and for distributions received from the affiliates.
For all investments, we adjust the carrying value if we determine that an other-than-temporary impairment in value has occurred. There were no impairments of investments in affiliated companies taken in 2013, 2012 or 2011.
Investments in affiliated companies consisted of the following:
(in millions)
December 31,
2013
 
December 31,
2012
Trans Union de Mexico, S.A. (25.69% ownership interest)
$
50.0

 
$
49.4

Credit Information Bureau (India) Ltd. (27.5% ownership interest)
28.4

 
26.6

All other equity method investments
6.1

 
4.7

Total equity method investments
$
84.5

 
$
80.7

Total cost method investments
7.9

 
7.9

Total investments in affiliated companies
$
92.4

 
$
88.6


These balances are included in other assets on the balance sheet.
Earnings from equity method investments, included in non-operating income and expense, and dividends received from equity method investments consisted of the following:
(in millions)
 
TransUnion
Holding and
TransUnion
Corp Successor
Year Ended December, 2013
 
TransUnion
Holding
From the Date of
Inception through
December 31, 2012
 
TransUnion
Corp Successor
Eight Months
Ended
December 31, 2012
 
TransUnion Corp
Predecessor
Four Months
Ended
April 30, 2012
 
TransUnion Corp
Predecessor
Year Ended
December 31, 2011
Earnings from equity method investments
 
$
13.7

 
$
8.0

 
$
8.0

 
$
4.1

 
$
11.4

Dividends received from equity method investments
 
$
10.1

 
$
9.3

 
$
9.3

 
$
0.4

 
$
8.0


Under SEC Regulation S-X, Rule 4-08(g), our investments in TransUnion de Mexico, S.A. and Credit Information Bureau (India) Ltd. are considered significant equity method investments for TransUnion Holding. TransUnion de Mexico, S.A. is also considered a significant equity method investment for TransUnion Corp. The summarized financial information and earnings from the significant equity method investments required by SEC Regulation S-X, Rule 1-02(bb)(i) and (ii) consisted of the following:
(in millions)
 
December 31, 2013

 
December 31, 2012

Current assets
 
$
62.6

 
$
61.4

Noncurrent assets
 
$
19.8

 
$
22.1

Current liabilities
 
$
22.4

 
$
23.2

Noncurrent liabilities
 
$
1.4

 
$
1.3


(in millions)
 
Year Ended December 31, 2013
 
Eight Months Ended December 31, 2012
 
Four Months Ended April 30, 2012
 
Year Ended December 31, 2011
Revenue
 
$
95.2

 
$
60.5

 
$
30.2

 
$
81.9

Operating Income
 
$
47.6

 
$
27.3

 
$
13.4

 
$
41.0

Income from continuing operations
 
$
39.0

 
$
22.3

 
$
11.1

 
$
33.1

Net income
 
$
39.0

 
$
22.3

 
$
11.1

 
$
33.1


Dividends received from cost method investments were $0.7 million in 2013. Dividends received from cost method investments from the date of inception through December 31, 2012 and for the eight months ended December 31, 2012, for TransUnion Holding and TransUnion Corp Successor, respectively, were $0.6 million. TransUnion Corp Predecessor did not receive any dividends from cost method investments for the four months ended April 30, 2012. Dividends received from cost method investments for TransUnion Corp Predecessor were $0.6 million in 2011. These dividends have been included in other income.