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Group Statement of Changes in Equity

For the year ended 31 December 2013

 

As at 31 December 2013

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 2013

49

19

(34)

6

(9)

15

999

1,045

Profit for the year

–

–

–

–

–

–

246

246

Other comprehensive (loss)/income:

Transfers from hedging reserve to
property, plant and equipment

–

–

–

–

(2)

–

–

(2)

Transfers from hedging reserve
to revenue

–

–

–

–

(6)

–

–

(6)

Fair value gains on foreign
currency cash flow hedge

–

–

–

–

12

–

–

12

Fair value gains on interest
rate swaps

–

–

–

–

5

–

–

5

Currency translation differences (i)

–

–

–

–

–

(89)

–

(89)

Deferred tax on items taken to
or transferred from equity

9

–

–

–

–

(1)

–

–

(1)

Current tax on items taken to
or transferred from equity

9

–

–

–

–

–

2

–

2

Remeasurement of retirement
benefits (net of tax)

–

–

–

–

–

–

(4)

(4)

Total comprehensive (loss)/
income for the year ended
31 December 2013

–

–

–

–

8

(87)

242

163

Transactions with owners:

Purchase of treasury shares

23

–

–

(1)

–

–

–

–

(1)

Employee share awards

28.A5

–

–

–

–

–

–

(2)

(2)

Issue of ordinary shares to employees
under share option schemes

23

–

–

11

–

–

–

(11)

–

Current tax on items taken
to or transferred from equity

9

–

–

–

–

–

–

3

3

Deferred tax on items taken to
or transferred from equity

9

–

–

–

–

–

–

(3)

(3)

New share capital subscribed

22

–

1

–

–

–

–

–

1

Dividends paid during 2013

10

–

–

–

–

–

–

(66)

(66)

–

1

10

–

–

–

(79)

(68)

Balance at 31 December 2013

49

20

(24)

6

(1)

(72)

1,162

1,140

(i) Included in currency translation differences of the Group are exchange gains of £8 million arising on borrowings denominated in foreign currencies designated as hedges of net investments overseas, offset by exchange losses of £97 million relating to the translation of overseas results and net assets.

 

As at 31 December 2012

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 2012

49

16

(49)

6

(10)

73

796

881

Profit for the year

–

–

–

–

–

–

276

276

Other comprehensive (loss)/income:

Transfers from hedging reserve to
property, plant and equipment

–

–

–

–

(1)

–

–

(1)

Transfers from hedging reserve
to revenue

–

–

–

–

(1)

–

–

(1)

Fair value gains on foreign
currency cash flow hedge

–

–

–

–

3

–

–

3

Fair value gains on interest
rate swaps

–

–

–

–

1

–

–

1

Deferred tax on items taken to
or transferred from equity

9

–

–

–

–

(1)

–

–

(1)

Currency translation differences (i)

–

–

–

–

–

(58)

–

(58)

Remeasurement of retirement
benefits (net of tax)

–

–

–

–

–

–

(2)

(2)

Total comprehensive (loss)/
income for the year ended
31 December 2012

–

–

–

–

1

(58)

274

217

Transactions with owners:

Purchase of treasury shares

23

–

–

(11)

–

–

–

–

(11)

Employee share awards

–

–

–

–

–

–

14

14

Issue of ordinary shares to employees
under share option schemes

–

–

26

–

–

–

(26)

–

Current tax on items taken
to or transferred from equity

9

–

–

–

–

–

–

21

21

Deferred tax on items taken to
or transferred from equity

9

–

–

–

–

–

–

(20)

(20)

Return of capital to shareholders

–

–

–

–

–

–

(2)

(2)

New share capital subscribed

–

3

–

–

–

–

–

3

Dividends paid during 2012

10

–

–

–

–

–

–

(58)

(58)

–

3

15

–

–

–

(71)

(53)

Balance at 31 December 2012

49

19

(34)

6

(9)

15

999

1,045

(i) Included in currency translation differences of the Group are exchange gains of £18 million arising on borrowings denominated in foreign currencies designated as hedges of net investments overseas, offset by exchange losses of £76 million relating to the translation of overseas results and net assets.