Download Statement of changes in equity XLS (32KB)

Attributable to the owners of the Parent
Group Ordinary shares
£m
Share premium
£m
Capital
redemp-
tion reserve
£m
Share–
based payments
£m
Retained earnings1
£m
Own
shares
£m
Total
£m
Non-
controlling
interest
£m
Total
equity
£m
At 1 April 2009 76.2 785.2 30.5 8.1 3,935.9 (12.4) 4,823.5 (3.3) 4,820.2
Profit for the year ended 31 March 2010 1,088.9 1,088.9 3.5 1,092.4
Other comprehensive income:








Actuarial loss on pension scheme (13.3) (13.3) (13.3)
Fair value movement on interest-rate swaps
treated as cash flow hedges
2.6 2.6 2.6
Total comprehensive income for the year ended 31 March 2010 1,078.2 1,078.2 3.5 1,081.7
Transactions with owners:








Exercise of options 0.1 0.1 0.1
New share capital subscribed 0.3 17.3 17.6 17.6
Transfer to retained earnings in respect of shares
issued in lieu of cash dividends
(17.3) 17.3
Fair value of share-based payments 6.0 6.0 6.0
Transfer of shares to employees on exercise of share options (5.5) 5.5
Release on exercise/forfeiture of share options (8.1) 8.1
Dividends to owners of the Parent (235.5) (235.5) (235.5)
Distribution paid to non-controlling interests (1.1) (1.1)
Total transactions with owners of the Parent 0.3 0.1 (2.1) (215.6) 5.5 (211.8) (1.1) (212.9)
At 31 March 2010 76.5 785.3 30.5 6.0 4,798.5 (6.9) 5,689.9 (0.9) 5,689.0









Profit for the year ended 31 March 2011 1,241.6 1,241.6 2.5 1,244.1
Other comprehensive income:








Actuarial gain on pension scheme 11.0 11.0 11.0
Fair value movement on interest-rate swaps
treated as cash flow hedges
12.4 12.4 12.4
Total comprehensive income for the year ended 31 March 2011 1,265.0 1,265.0 2.5 1,267.5
Transactions with owners:








Exercise of options 0.2 0.2 0.2
New share capital subscribed 1.1 69.7 70.8 70.8
Transfer to retained earnings in respect of shares
issued in lieu of cash dividend
(69.7) 69.7
Fair value of share-based payments 3.8 3.8 3.8
Settlement and transfer of shares to employees on exercise
of share options
(7.9) 3.5 (4.4) (4.4)
Release on exercise/forfeiture of share options (2.6) 2.6
Dividends to owners of the Company (213.6) (213.6) (213.6)
Distributions paid to non-controlling interests (0.8) (0.8)
Acquisition of own shares (0.2) (0.2) (0.2)
Total transactions with owners of the Parent 1.1 0.2 1.2 (149.2) 3.3 (143.4) (0.8) (144.2)
At 31 March 2011 77.6 785.5 30.5 7.2 5,914.3 (3.6) 6,811.5 0.8 6,812.3
  1. Included within retained earnings are cumulative losses in respect of cash flow hedges (interest rate swaps) of £2.1m (2010: £14.5m).
Company Ordinary
shares
£m
Share
premium
£m
Capital
redemption
reserve
£m
Merger
reserve1
£m
Share–
based
payments
£m
Retained earnings
£m
Total
£m
At 1 April 2009 76.2 785.2 30.5 373.6 8.1 3,549.9 4,823.5
Profit for the year ended 31 March 2010 1,084.1 1,084.1
Exercise of options 0.1 0.1
New share capital subscribed 0.3 17.3 17.6
Transfer to retained earnings in respect of shares issued in lieu of cash dividend (17.3) 17.3
Fair value of share-based
payments (note 32)
6.0 6.0
Release on exercise/forfeiture of share options (8.1) 8.1
Dividends (note 10) (235.5) (235.5)
At 31 March 2010 76.5 785.3 30.5 373.6 6.0 4,423.9 5,695.8







Profit for the year ended 31 March 2011 233.1 233.1
Exercise of options 0.2 0.2
New share capital subscribed 1.1 69.7 70.8
Transfer to retained earnings in respect of shares issued in lieu of cash dividend (69.7) 69.7
Fair value of share-based
payments (note 32)
3.8 3.8
Release on exercise/forfeiture of share options (2.6) 2.6
Dividends (note 10) (213.6) (213.6)
At 31 March 2011 77.6 785.5 30.5 373.6 7.2 4,505.7 5,780.1
  1. The merger reserve arose on 6 September 2002 when the Company acquired 100% of the issued share capital of Land Securities PLC. The merger reserve represents the excess of the cost of acquisition over the nominal value of the shares issued by the Company to acquire Land Securities PLC. The merger reserve does not represent a realised or distributable profit.