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Group Statement of Changes in Equity

For the year ended 31 December 2010

As at 31 December 2010

 

Attributable to equity holders of the Company
 

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 2010

54.7

13.3

(25.8)

0.1

(4.7)

49.7

515.8

603.1

Profit for the year

–

–

–

–

–

–

213.1

213.1

Other comprehensive income:

                

Transfers from hedging reserve to
property, plant and equipment

–

–

–

–

(0.8)

–

–

(0.8)

Fair value losses on interest
rate swaps

–

–

–

–

(2.8)

–

–

(2.8)

Deferred tax on items taken to
or transferred from equity

–

–

–

–

0.9

–

–

0.9

Currency translation differences (i)

–

–

–

–

–

39.1

–

39.1

Current tax on items taken to
or transferred from equity

–

–

–

–

–

(5.1)

–

(5.1)

Actuarial losses on retirement
benefits (net of tax)

–

–

–

–

–

–

(0.4)

(0.4)

Total comprehensive income for
the year ended 31 December 2010

–

–

–

–

(2.7)

34.0

212.7

244.0

Transactions with owners:

                

Purchase of treasury shares

–

–

(27.2)

–

–

–

–

(27.2)

Credit in respect of employee
share awards

–

–

–

–

–

–

18.7

18.7

Issue of ordinary shares to employees
under share option schemes

–

–

3.4

–

–

–

(3.4)

–

Current tax on items taken
to or transferred from equity

–

–

–

–

–

–

2.7

2.7

Deferred tax on items taken to
or transferred from equity

–

–

–

–

–

–

11.1

11.1

New share capital subscribed

0.2

1.5

–

–

–

–

–

1.7

Dividends paid during 2010

–

–

–

–

–

–

(39.7)

(39.7)
 

0.2

1.5

(23.8)

–

–

–

(10.6)

(32.7)

Balance at 31 December 2010

54.9

14.8

(49.6)

0.1

(7.4)

83.7

717.9

814.4

(i) Included in currency translation differences of the Group are exchange losses of £2.8 million arising on borrowings denominated in foreign currencies designated as hedges of net investments overseas, offset by exchange gains of £41.9 million relating to the translation of overseas results and net assets.

As at 31 December 2009

 

Attributable to equity holders of the Company
 

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 2009

54.4

10.2

(20.5)

0.1

(25.1)

79.9

365.8

464.8

Profit for the year

–

–

–

–

–

–

168.4

168.4

Other comprehensive income:

                

Fair value gains on foreign currency
cash flow hedge

–

–

–

–

6.0

–

–

6.0

Transfers from hedging
reserve to property, plant and equipment

–

–

–

–

8.5

–

–

8.5

Fair value gains on
interest rate swaps

–

–

–

–

10.6

–

–

10.6

Transfer from hedging reserve to net
finance charge on early termination
of interest rate swaps

–

–

–

–

3.1

–

–

3.1

Transfer from hedging reserve to net
finance charge

–

–

–

–

0.1

–

–

0.1

Deferred tax on items taken
to or transferred from equity

–

–

–

–

(7.9)

–

–

(7.9)

Currency translation differences (i)

–

–

–

–

–

(30.9)

–

(30.9)

Current tax on items taken to
or transferred from equity

–

–

–

–

–

0.7

–

0.7

Actuarial losses on retirement
benefits (net of tax)

–

–

–

–

–

–

(1.5)

(1.5)

Total comprehensive income for
the year ended 31 December 2009

–

–

–

–

20.4

(30.2)

166.9

157.1

Transactions with owners:

                

Purchase of treasury shares

–

–

(8.4)

–

–

–

–

(8.4)

Credit in respect of employee
share awards

–

–

–

–

–

–

9.2

9.2

Issue of ordinary shares to employees
under share option schemes

–

–

3.1

–

–

–

(3.1)

–

Current tax on items taken
to or transferred from equity

–

–

–

–

–

–

1.3

1.3

Deferred tax on items taken to
or transferred from equity

–

–

–

–

–

–

4.3

4.3

New share capital subscribed

0.3

3.1

–

–

–

–

–

3.4

Dividends paid during 2009

–

–

–

–

–

–

(28.6)

(28.6)
 

0.3

3.1

(5.3)

–

–

–

(16.9)

(18.8)

Balance at 31 December 2009

54.7

13.3

(25.8)

0.1

(4.7)

49.7

515.8

603.1

(i) Included in currency translation differences of the Group are exchange gains of £24.2 million arising on borrowings denominated in foreign currencies designated as hedges of net investments overseas, offset by exchange losses of £55.1 million relating to the translation of overseas results and net assets.