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Group Statement of Changes in Equity

 

For the year ended 31 December 2012

As at 31 December 2012

 

 

Attributable to equity holders of the Company

 

Notes

Ordinary

share

capital

£ million

Share

premium

account

£ million

Treasury

shares

£ million

Capital

redemption

reserve

£ million

Hedging

reserve

£ million

Foreign

exchange

reserve 

(translation)

£ million

Retained

earnings

£ million

Total

equity

£ million

Balance at 1 January 2012

 

49.3

16.2

(48.9)

5.9

(10.2)

72.8

796.2

881.3

Profit for the year

 

–

–

–

–

–

–

276.0

276.0

Other comprehensive income:

 

 

 

 

 

 

 

 

 

Transfers from hedging reserve to
property, plant and equipment

 

–

–

–

–

(1.2)

–

–

(1.2)

Transfers from hedging reserve
to revenue

 

–

–

–

–

(0.4)

–

–

(0.4)

Fair value gains on foreign
currency cash flow hedge

 

–

–

–

–

3.0

–

–

3.0

Fair value gains on interest
rate swaps

 

–

–

–

–

0.5

–

–

0.5

Deferred tax on items taken to
or transferred from equity

10

–

–

–

–

(0.7)

–

–

(0.7)

Currency translation differences (i)

 

–

–

–

–

–

(57.7)

–

(57.7)

Current tax on items taken to
or transferred from equity

10

–

–

–

–

–

(0.1)

–

(0.1)

Actuarial losses on retirement
benefits (net of tax)

 

–

–

–

–

–

–

(1.7)

(1.7)

Total comprehensive income for
the year ended 31 December 2012

 

–

–

–

–

1.2

(57.8)

274.3

217.7

Transactions with owners:

 

 

 

 

 

 

 

 

 

Purchase of treasury shares

24

–

–

(11.1)

–

–

–

–

(11.1)

Credit in respect of employee
share awards

23

–

–

–

–

–

–

13.5

13.5

Issue of ordinary shares to employees
 under share option schemes

 

–

–

25.7

–

–

–

(25.7)

–

Current tax on items taken
to or transferred from equity

10

–

–

–

–

–

–

21.1

21.1

Deferred tax on items taken to
or transferred from equity

10

–

–

–

–

–

–

(20.6)

(20.6)

Return of capital to shareholders

23

–

–

–

–

–

–

(1.6)

(1.6)

Capital redemption reserve

23

(0.2)

–

–

0.2

–

–

–

–

New share capital subscribed

23

0.2

2.5

–

–

–

–

–

2.7

Dividends paid during 2012

11

–

–

–

–

–

–

(58.2)

(58.2)

 

 

–

2.5

14.6

0.2

–

–

(71.5)

(54.2)

Balance at 31 December 2012

 

49.3

18.7

(34.3)

6.1

(9.0)

15.0

999.0

1,044.8
(i) Included in currency translation differences of the Group are exchange gains of £17.9 million arising on borrowings denominated in foreign currencies designated as hedges of net investments overseas, offset by exchange losses of £75.6 million relating to the translation of overseas results and net assets.

 

 

As at 31 December 2011

 

 

Attributable to equity holders of the Company

 

Notes

Ordinary

share

capital

£ million

Share

premium

account

£ million

Treasury

shares

£ million

Capital

redemption

reserve

£ million

Hedging

reserve

£ million

Foreign

exchange

reserve 

(translation)

£ million

Retained

earnings

£ million

Total

equity

£ million

Balance at 1 January 2011

 

54.9

14.8

(49.6)

0.1

(7.4)

83.7

717.9

814.4

Profit for the year

 

–

–

–

–

–

–

260.1

260.1

Other comprehensive income:

 

 

 

 

 

 

 

 

 

Transfers from hedging reserve to
property, plant and equipment

 

–

–

–

–

0.1

–

–

0.1

Fair value gains on foreign
currency cash flow hedge

 

–

–

–

–

0.4

–

–

0.4

Fair value losses on interest
rate swaps

 

–

–

–

–

(4.0)

–

–

(4.0)

Deferred tax on items taken to
or transferred from equity

10

–

–

–

–

0.7

–

–

0.7

Currency translation differences (i)

 

–

–

–

–

–

(11.9)

–

(11.9)

Current tax on items taken to
or transferred from equity

10

–

–

–

–

–

1.0

–

1.0

Actuarial losses on retirement
benefits (net of tax)

 

–

–

–

–

–

–

(3.8)

(3.8)

Total comprehensive income for
the year ended 31 December 2011

 

–

–

–

–

(2.8)

(10.9)

256.3

242.6

Transactions with owners:

 

 

 

 

 

 

 

 

 

Purchase of treasury shares

24

–

–

(10.1)

–

–

–

–

(10.1)

Credit in respect of employee
share awards

23

–

–

–

–

–

–

19.8

19.8

Issue of ordinary shares to employees
 under share option schemes

 

–

–

10.8

–

–

–

(10.8)

–

Current tax on items taken
to or transferred from equity

10

–

–

–

–

–

–

7.3

7.3

Deferred tax on items taken to
or transferred from equity

10

–

–

–

–

–

–

5.5

5.5

Return of capital to shareholders

 

–

–

–

–

–

–

(147.7)

(147.7)

Capital redemption reserve

 

(5.8)

–

–

5.8

–

–

–

–

New share capital subscribed

 

0.2

1.4

–

–

–

–

–

1.6

Dividends paid during 2011

11

–

–

–

–

–

–

(52.1)

(52.1)

 

 

(5.6)

1.4

0.7

5.8

–

–

(178.0)

(175.7)

Balance at 31 December 2011

 

49.3

16.2

(48.9)

5.9

(10.2)

72.8

796.2

881.3
(i) Included in currency translation differences of the Group are exchange losses of £14.3 million arising on borrowings denominated in foreign currencies designated as hedges of net investments overseas, offset by exchange gains of £2.4 million relating to the translation of overseas results and net assets.