Carphone Warehouse 2016 Annual Report Download - page 131

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129
22 Share capital, retained earnings and reserves
a) Share capital
30 April
2016
million
2 Ma
y
2015
million
30 April
2016
£million
2 Ma
y
2015
£million
A
uthorised, allotted, called-up and fully paid ordinary shares of 0.1p each 1,151 1,151 1 1
30 April
2016
million
2 Ma
y
2015
million
30 April
2016
£million
2 Ma
y
2015
£million
Ordinary shares of 0.1p each in issue at the beginning of the period 1,151 576 1 1
Issued as consideration to Dixons shareholders (i) — 575 — —
Ordinary shares of 0.1p each in issue at the end of the period 1,151 1,151 1 1
(i) As part of the Dixons Retail Merger, 574.7 million shares with a mid-market price of £3.432 were issued as part of the all-share merger with
Dixons as described in note 24.
b) Retained earnings and reserves
Movement in retained earnings and reserves during the reported periods are presented in the consolidated statement of changes
in equity.
Retained earnings at 30 April 2016 includes £18 million (2015: £6 million) of losses associated with derivatives which were
designated and effective as cash flow hedges and interest rate hedges. Own shares held by the Group’s ESOTs are recognised
in retained earnings – refer to note 5 for further information. The demerger reserve arose as part of the demerger of the Group
from TalkTalk in 2010.
23 Equity dividends
30 April
2016
£million
2 Ma
y
2015
£million
A
mounts recognised as distributions to equity shareholders in the period
– on ordinary shares of 0.1p each
Final dividend for the year ended 29 March 2014 of 4.00p per ordinary share — 23
Interim dividend for the 13 months ended 2 May 2015 of 2.50p per ordinary share — 29
Final dividend for the 13 months ended 2 May 2015 of 6.00p per ordinary share 69 —
Interim dividend for the year ended 30 April 2016 of 3.25p per ordinary share 37 —
106 52
The following distribution is proposed but had not been effected at 30 April 2016 and is subject to shareholders’ approval at the
forthcoming Annual General Meeting:
£million
Final dividend for the year ended 30 April 2016 of 6.50p per ordinary share 75
00_DC 2016 Annual Report.pdf 129 11/07/2016 18:34