Aer Lingus 2012 Annual Report Download - page 111

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FINANCIAL STATEMENTS Aer Lingus Group Plc
ANNUAL REPORT 2012
109
Deferred tax liabilities Accelerated tax
depreciation
Derivative
financial
instruments
Available-for-
sale reserve Other Total
€’000 €’000 €’000 €’000 €’000
At 1 January 2011 37,250 8,622 72 116 46,060
Charged to the income statement 7,206 - - 2,727 9,933
Charged/(credited) directly to equity -(4,943) (17) 400 (4,560)
At 31 December 2011 and 1 January 2012 44,456 3,679 55 3,243 51,433
Charge to the income statement 7,019 - - 259 7,278
Credited directly to equity -(2,659) (18) (230) (2,907)
At 31 December 2012 51,475 1,020 37 3,272 55,804
Deferred tax credited to equity during the year is as follows:
2012 2011
€’000 €’000
Fair value reserves in shareholders’ equity
- Cash flow hedging reserve 2,659 4,943
- Revaluation reserve on available-for-sale financial assets 18 17
- Other 230 (400)
2,907 4,560
The Group continues to hold unutilised capital losses forward of €1.3 million in respect of which no deferred tax asset is carried (2011: €1.3
million).
The Group is satisfied, based on expected future performance, as indicated by the Group’s five year projections, that there is a reasonable basis
on which to recognise the deferred tax assets.
31 Called-up share capital
2012 2011
€’000 €’000
Authorised
900,000,000 ordinary shares of €0.05 each 45,000 45,000
Issued and fully paid
At 1 January and 31 December 26,702 26,702
The total number of ordinary shares of €0.05 each in issue at 31 December 2012 was 534,040,090 (31 December 2011: 534,040,090) of which
3,946,658 (31 December 2011: 3,946,658) were treasury shares.
Share capital
The authorised share capital of the Company comprises ordinary shares.
Notes to the consolidated financial statements (continued)