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Group Statement of Changes in Equity

For the year ended 31 December 2011

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

9

–

–

–

–

0.7

–

–

0.7

Currency translation differences (i)

–

–

–

–

–

(11.9)

–

(11.9)

Current tax on items taken to
or transferred from equity

9

–

–

–

–

–

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

22

–

–

(10.1)

–

–

–

–

(10.1)

Credit in respect of employee
share awards

21

–

–

–

–

–

–

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

9

–

–

–

–

–

–

7.3

7.3

Deferred tax on items taken to
or transferred from equity

9

–

–

–

–

–

–

5.5

5.5

Return of capital to shareholders

21

–

–

–

–

–

–

(147.7)

(147.7)

Capital redemption reserve

21

(5.8)

–

–

5.8

–

–

–

–

New share capital subscribed

21

0.2

1.4

–

–

–

–

–

1.6

Dividends paid during 2011

10

–

–

–

–

–

–

(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.

 

As at 31 December 2010

   

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 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

9

–

–

–

–

0.9

–

–

0.9

Currency translation differences (i)

–

–

–

–

–

39.1

–

39.1

Current tax on items taken to
or transferred from equity

9

–

–

–

–

–

(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

22

–

–

(27.2)

–

–

–

–

(27.2)

Credit in respect of employee
share awards

21

–

–

–

–

–

–

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

9

–

–

–

–

–

–

2.7

2.7

Deferred tax on items taken to
or transferred from equity

9

–

–

–

–

–

–

11.1

11.1

New share capital subscribed

21

0.2

1.5

–

–

–

–

–

1.7

Dividends paid during 2010

10

–

–

–

–

–

–

(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.