| |
Share
capital
£m |
Share
premium
£m |
Treasury
shares
£m |
Capital
redemption
reserve
£m |
Retained
earnings
£m |
Foreign
currency
translation
reserve
£m |
Total
equity
£m |
Minority
interests
£m |
Total
£m |
| At 1 January 2005 |
13.4 |
248.1 |
(0.2) |
0.1 |
98.4 |
0.1 |
359.9 |
0.4 |
360.3 |
| Total recognised income and expense for the year |
– |
– |
– |
– |
107.5 |
0.2 |
107.7 |
(0.2) |
107.5 |
| Share based payment |
– |
– |
– |
– |
7.6 |
– |
7.6 |
– |
7.6 |
| Purchase of own shares – held in treasury |
– |
– |
(0.2) |
– |
(30.8) |
– |
(31.0) |
– |
(31.0) |
| Purchase of own shares – cancelled |
(0.1) |
– |
– |
0.1 |
(18.6) |
– |
(18.6) |
– |
(18.6) |
| Share transaction costs |
– |
– |
– |
– |
(0.3) |
– |
(0.3) |
– |
(0.3) |
| Shares issued |
0.1 |
10.0 |
– |
– |
– |
– |
10.1 |
– |
10.1 |
| Equity dividends paid |
– |
– |
– |
– |
(38.0) |
– |
(38.0) |
– |
(38.0) |
| At 1 January 2006 |
13.4 |
258.1 |
(0.4) |
0.2 |
125.8 |
0.3 |
397.4 |
0.2 |
397.6 |
| Total recognised income and expense for the year |
– |
– |
– |
– |
163.9 |
(0.7) |
163.2 |
(0.1) |
163.1 |
| Share based payment |
– |
– |
– |
– |
8.5 |
– |
8.5 |
– |
8.5 |
| Purchase of own shares – cancelled |
(1.1) |
– |
– |
1.1 |
(244.9) |
– |
(244.9) |
– |
(244.9) |
| Share transaction costs |
– |
– |
– |
– |
(1.2) |
– |
(1.2) |
– |
(1.2) |
| Shares issued |
0.4 |
50.0 |
– |
– |
– |
– |
50.4 |
– |
50.4 |
| Treasury shares cancelled |
(0.4) |
– |
0.4 |
0.4 |
(0.4) |
– |
– |
– |
– |
| Equity dividends paid |
– |
– |
– |
– |
(47.7) |
– |
(47.7) |
– |
(47.7) |
| At 31 December 2006 |
12.3 |
308.1 |
– |
1.7 |
4.0 |
(0.4) |
325.7 |
0.1 |
325.8 |
Share capital – The balance classified as share capital is the nominal proceeds on issue of the company’s equity share capital, comprising 2p ordinary shares.
Share premium – The amount paid to the company by shareholders, in cash or other consideration, over and above the nominal value of shares issued to them.
Treasury shares – Shares that have been bought back by the company, which are available for retirement or resale; shares held in treasury have no voting rights and do not have entitlement to a dividend.
Capital redemption reserve – The company can redeem shares by repaying the nominal value to the shareholder, where upon the shares are cancelled. Redemption must be from distributable profits.
Foreign currency translation reserve – Gains or losses resulting from the process of expressing amounts denominated or measured in 1 currency in terms of another currency by use of the exchange rate between the 2 currencies. This process is required to consolidate the financial statements of foreign affiliates into the total group financial statements and to recognise the conversion of foreign currency or the settlement of a receivable or payable denominated in foreign currency at a rate different fromthat at which the itemis recorded.
Retained earnings – Net profits kept to accumulate in the Group after dividends are paid and retained in the business as working capital.