Annual Report and Accounts 2010

Consolidated statement of changes in shareholders’ equity

For the year ended 31 December

 

Attributable to equity holders of the Company

Share
capital
£000

Share
premium
account
£000

Share
option
reserve
£000

Retained

earnings*

£000

Revaluation

reserve**

£000

Cumulative
translation
adjustment
£000

Total
£000

Balance at 1 January 2009

672

351,578

61,474

182,008

(285)

144,896

740,343

Profit for the year

40,439

40,439

Other comprehensive income:

 

 

 

 

 

 

 

Unrealised holding gain on available-for-sale financial assets

130

130

Currency translation adjustment

(61,718)

(61,718)

Total comprehensive
income/(expense) for
the year

40,439

130

(61,718)

(21,149)

Dividends (see note 7)

(28,961)

(28,961)

Credit in respect of employee share schemes

19,001

19,001

Movement on tax arising
on share options

10,378

10,378

Proceeds from sale
of own shares

19,085

19,085

19,503

19,503

Balance at 31 December 2009

672

351,578

61,474

241,950

(155)

83,178

738,697

Profit for the year

85,974

85,974

Other comprehensive income:

 

 

 

 

 

 

 

Unrealised holding gain on available-for-sale financial assets

155

155

Currency translation adjustment

16,624

16,624

Total comprehensive income for the year

85,974

155

16,624

102,753

Dividends (note 7)

(34,323)

(34,323)

Credit in respect of employee share schemes

27,129

27,129

Movement on tax arising
on share options

36,634

36,634

Proceeds from sale
of own shares

24,015

24,015

53,455

53,455

Balance at 31 December 2010

672

351,578

61,474

381,379

99,802

894,905

Own shares held Offset within retained earnings is an amount of £22,059,000 (2009: £65,102,000) representing the cost of own shares held being 21,624,158 (2009: 60,321,361) shares in the Company. Refer to note 20 for further details on the movement on these balances. These shares are expected to be used in part for the benefit of the Group’s employees and directors to satisfy share option, restricted stock units (RSUs) and conditional share awards in future periods.

**Revaluation reserve The Group includes on its balance sheet publicly traded investments, which are classified as available-for-sale. These are carried at market value. Unrealised holding gains or losses on such securities are included, net of related taxes, within the revaluation reserve. Any unrealised gains within this reserve are undistributable.

The accompanying notes are an integral part of the financial statements.