Group Statement of Changes in Equity
For the six months ended 30 June 2014 (unaudited)
As at 30 June 2014
Attributable to equity holders of the Company |
||||||||
Ordinary share capital |
Share premium account |
Treasury shares |
Capital redemption reserve |
Hedging reserve |
Foreign exchange |
Retained earnings |
Total equity |
|
Balance at 1 January 2014 |
49 |
20 |
(24) |
6 |
(1) |
(72) |
1,162 |
1,140 |
Profit for the period |
– |
– |
– |
– |
– |
– |
97 |
97 |
Other comprehensive income: |
||||||||
Fair value gains on foreign currency cash flow hedge |
– |
– |
– |
– |
1 |
– |
– |
1 |
Transfers from hedging reserve to revenue |
– |
– |
– |
– |
(5) |
– |
– |
(5) |
Currency translation differences |
– |
– |
– |
– |
– |
(24) |
– |
(24) |
Deferred tax on items taken to or transferred from equity |
– |
– |
– |
– |
– |
2 |
– |
2 |
Remeasurement of retirement benefits (net of tax) |
– |
– |
– |
– |
– |
– |
1 |
1 |
Total comprehensive income for the period ended 30 June 2014 |
– |
– |
– |
– |
(4) |
(22) |
98 |
72 |
Transactions with owners: |
||||||||
Employee share awards |
– |
– |
– |
– |
– |
– |
2 |
2 |
Issue of ordinary shares to employees under share option schemes (Note (i)) |
– |
– |
9 |
– |
– |
– |
(7) |
2 |
Return of capital to shareholders (Note 14) |
– |
– |
– |
– |
– |
– |
(198) |
(198) |
Capital redemption reserve (Note 14) |
(7) |
– |
– |
7 |
– |
– |
– |
– |
Dividends paid during the period |
– |
– |
– |
– |
– |
– |
(46) |
(46) |
(7) |
– |
9 |
7 |
– |
– |
(249) |
(240) |
|
Balance at 30 June 2014 |
42 |
20 |
(15) |
13 |
(5) |
(94) |
1,011 |
972 |
During the period 269,681 ordinary shares have been transferred from the Employee Benefit Trust to satisfy the exercise of options under the Sharesave Schemes by eligible employees. In addition 174,147 shares were transferred from the Employee Benefit Trust to participants in the Long-term Incentive Plan.
As at 30 June 2013
Attributable to equity holders of the Company |
||||||||
Ordinary share capital |
Share premium account |
Treasury shares |
Capital redemption reserve |
Hedging reserve |
Foreign exchange |
Retained earnings |
Total equity |
|
Balance at 1 January 2013 |
49 |
19 |
(34) |
6 |
(9) |
15 |
999 |
1,045 |
Profit for the period |
– |
– |
– |
– |
– |
– |
105 |
105 |
Other comprehensive income: |
||||||||
Fair value gains on foreign currency cash flow hedge |
– |
– |
– |
– |
12 |
– |
– |
12 |
Transfers from hedging reserve to revenue |
– |
– |
– |
– |
(3) |
– |
– |
(3) |
Fair value gains on interest rate swaps |
– |
– |
– |
– |
3 |
– |
– |
3 |
Currency translation differences |
– |
– |
– |
– |
– |
23 |
– |
23 |
Deferred tax on items taken to or transferred from equity |
– |
– |
– |
– |
(3) |
– |
– |
(3) |
Remeasurement of retirement benefits (net of tax) |
– |
– |
– |
– |
– |
– |
(1) |
(1) |
Total comprehensive income for the period ended 30 June 2013 |
– |
– |
– |
– |
9 |
23 |
104 |
136 |
Transactions with owners: |
||||||||
Employee share awards |
– |
– |
– |
– |
– |
– |
(3) |
(3) |
Issue of ordinary shares to employees under share option schemes |
– |
– |
10 |
– |
– |
– |
(10) |
– |
Current tax on items taken to or transferred from equity |
– |
– |
– |
– |
– |
– |
3 |
3 |
Deferred tax on items taken to or transferred from equity |
– |
– |
– |
– |
– |
– |
(3) |
(3) |
New share capital subscribed (Note (i)) |
– |
1 |
– |
– |
– |
– |
– |
1 |
Dividends paid during the period |
– |
– |
– |
– |
– |
– |
(42) |
(42) |
– |
1 |
10 |
– |
– |
– |
(55) |
(44) |
|
Balance at 30 June 2013 |
49 |
20 |
(24) |
6 |
– |
38 |
1,048 |
1,137 |
During the period 298,327 ordinary shares of 13549/775 pence each have been issued at prices ranging from £4.37 to £14.32 to satisfy the exercise of options under the Sharesave Schemes by eligible employees. In addition 360,441 shares were allotted at par to US participants in the Long-term Incentive Plan.