Consolidated statement of changes in equity
Year ended 31 March 2010
| Attributable to equity shareholders of the parent | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2010 | Ordinary shares £m |
Share premium £m |
Interest in ESOP £m |
Other reserves* £m |
Retained earnings £m |
Total £m |
Minority interest £m |
Total Equity £m |
|
| At 31 March 2009** | 33.3 | 70.7 | (1.9) | 76.5 | 173.7 | 352.3 | 4.7 | 357.0 | |
| Profit for the year | – | – | – | – | 54.0 | 54.0 | (1.5) | 52.5 | |
| Other comprehensive loss: | |||||||||
| Net investment hedges | – | – | – | (7.5) | – | (7.5) | (0.4) | (7.9) | |
| Cash flow hedges | – | – | – | (3.6) | – | (3.6) | – | (3.6) | |
| Actuarial losses | – | – | – | – | (117.9) | (117.9) | 0.2 | (117.7) | |
| Tax on components of other comprehensive income | – | – | – | 1.0 | 33.3 | 34.3 | – | 34.3 | |
| Other comprehensive loss | – | – | – | (10.1) | (84.6) | (94.7) | (0.2) | (94.9) | |
| Total comprehensive loss | – | – | – | (10.1) | (30.6) | (40.7) | (1.7) | (42.4) | |
| Exercise of options | – | – | 1.2 | – | (1.2) | – | – | – | |
| Share based payments | – | – | – | – | 2.4 | 2.4 | – | 2.4 | |
| Tax on share based payments | – | – | – | – | 0.1 | 0.1 | – | 0.1 | |
| Equity dividends | – | – | – | – | (24.3) | (24.3) | – | (24.3) | |
| At 31 March 2010 | 33.3 | 70.7 | (0.7) | 66.4 | 120.1 | 289.8 | 3.0 | 292.8 | |
| 2009 | |||||||||
| At 31 March 2008 | 33.3 | 70.2 | (3.7) | 67.0 | 215.8 | 382.6 | 5.1 | 387.7 | |
| Profit for the year | – | – | – | – | 75.4 | 75.4 | (1.1) | 74.3 | |
| Other comprehensive income/(loss): |
|||||||||
| Net investment hedges | – | – | – | 15.4 | – | 15.4 | 0.9 | 16.3 | |
| Cash flow hedges | – | – | – | (8.3) | – | (8.3) | – | (8.3) | |
| Actuarial losses | – | – | – | – | (117.9) | (117.9) | (0.2) | (118.1) | |
| Share of joint ventures’ income recognised in equity | – | – | – | – | 1.7 | 1.7 | – | 1.7 | |
| Tax on components of other comprehensive income | – | – | – | 2.4 | 32.9 | 35.3 | – | 35.3 | |
| Other comprehensive income/(loss)** |
– | – | – | 9.5 | (83.3) | (73.8) | 0.7 | (73.1) | |
| Total comprehensive loss | – | – | – | 9.5 | (7.9) | 1.6 | (0.4) | 1.2 | |
| Issue of share capital | – | 0.5 | (0.5) | – | – | – | – | – | |
| Exercise of options | – | – | 2.3 | – | (2.3) | – | – | – | |
| Share based payments | – | – | – | – | 0.8 | 0.8 | – | 0.8 | |
| Tax on share based payments*** | – | – | – | – | (0.4) | (0.4) | – | (0.4) | |
| Equity dividends | – | – | – | – | (32.3) | (32.3) | – | (32.3) | |
| At 31 March 2009** | 33.3 | 70.7 | (1.9) | 76.5 | 173.7 | 352.3 | 4.7 | 357.0 | |
* Further details are provided in Note 26.
** The classification of reserves at 31 March 2009 has been restated to correctly analyse net investment hedges in relation to Wexford Creamery Limited between translation reserve and retained earnings. The impact is to increase retained earnings at that date by £0.9 million and to reduce other reserves by £0.9 million (translation reserve). There is no impact on total share capital and reserves, nor on minority interests at that date. The classification of reserves at 31 March 2008 is not affected by this change.
*** Tax on share based payments is now reported in the Statement of Changes in Equity. Previously these amounts were recorded in the Statement of Recognised Income and Expense. Prior period amounts have been reclassified accordingly. The tax on share based payments taken to equity in the year to 31 March 2010 was £0.1 million.