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National Grid Gas plc Annual Report and Accounts 2009/10 41
Consolidated statement of changes in equity
Called up Share Cash flow Total
share premium hedge Other Retained shareholders' Minority Total
capital account reserve reserves earnings equity interest equity
£m £m £m £m £m £m £m £m
A
s at 1 April 2008 45 204 (35) 1,332 4,434 5,980 - 5,980
Total comprehensive income for the year - - 39 - 47 86 1 87
Equity dividends - - - - (300) (300) - (300)
Share-based payments - - - - 6 6 - 6
Tax on share-based payments - - - - (3) (3) - (3)
A
s at 31 March 2009 45 204 4 1,332 4,184 5,769 1 5,770
Total comprehensive income for the year - - (48) - 600 552 1 553
Equity dividends - - - - (300) (300) - (300)
Share-based payments - - - - 8 8 - 8
At 31 March 2010 45 204 (44) 1,332 4,492 6,029 2 6,031
The Company is prohibited from declaring a dividend or other distribution unless it has certified that it is in compliance in all material respects
with certain regulatory obligations, including a requirement to ensure it has sufficient financial resources and facilities to enable it to carry on
its business and a requirement to use all reasonable endeavours to maintain an investment grade credit rating.
Gains and losses recognised in the cash flow hedge reserve as of 31 March 2010 will be continuously transferred to the income statement
until the borrowings are repaid (note 17).
The amount of the cash flow hedge reserve due to be released from reserves to the income statement within the next year is £4m, with the
remaining amount due to be released with the same maturity profile as borrowings in note 17.