Carphone Warehouse 2008 Annual Report Download - page 92

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80 The Carphone Warehouse Group PLC Annual Report 2008
11 Reserves
Share
Share premium Profit and
capital reserve loss account Total
£m £m £m £m
At 1 April 2007 0.9 426.8 261.5 689.2
Retained loss for the financial period ––(16.0) (16.0)
Net change in available-for-sale investments ––(6.6) (6.6)
Issue of share capital – 49.2 – 49.2
Net cost of share-based payments ––9.6 9.6
At 29 March 2008 0.9 476.0 248.5 725.4
Share
Share premium Profit and
capital reserve loss account Total
£m£m£m£m
At 2 April 2006 0.9 418.4 187.6 606.9
Retained profit for the financial period ––59.3 59.3
Change in available-for-sale investments ––4.2 4.2
Issue of share capital – 8.4 – 8.4
Net cost of share-based payments ––10.4 10.4
At 31 March 2007 0.9 426.8 261.5 689.2
Included in the profit for the period is a share-based payments charge of £5.5m (2007 – £4.5m) representing the cost of share-based payments granted
to Group employees whose costs are borne by the Company.
The only direct employees of the Company are the Directors detailed on pages 26 and 27; details of their share options are shown in the Remuneration
Report on pages 32 to 38.
12 Reconciliation of movements in shareholders’ funds
2008 2007
£m £m
Profit for the financial period 15.4 83.4
Equity dividends (31.4) (24.1)
Retained (loss) profit for the financial period (16.0) 59.3
Net change in available-for-sale investments (6.6) 4.2
Issue of share capital 49.2 8.4
Net cost of share-based payments 9.6 10.4
Net movement in shareholders’ funds 36.2 82.3
Opening shareholders’ funds 689.2 606.9
Closing shareholders’ funds 725.4 689.2
13Related party transactions
The Company has taken advantage of the exemption under FRS8 ‘Related Party Disclosures’ not to provide details of related party transactions
with other Group companies, as the Company financial statements are presented together with the consolidated Group financial statements.
Notes to the Company Financial Statements continued