BT 2010 Annual Report Download - page 150

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FINANCIAL STATEMENTS FINANCIAL STATEMENTS OF BT GROUP PLC
148 BT GROUP PLC ANNUAL REPORT & FORM 20-F
BT Group plc company reconciliation of movement in equity shareholders’ funds
Capital Profit
Share Share premium redemption Treasury and loss
capitalaaccount reserve reservebaccountb,c Total
£m £m £m £m £m £m
At 1 April 2008 420 62 15 (1,843) 12,356 11,010
Profit for the financial year – – – – 502 502
Dividends paid – – – – (1,222) (1,222)
Change in accounting policy for adoption of the
amendment to FRS 20 (see page 6) – – – – 110 110
Capital contribution in respect of share-based
payment – – – – 31 31
Net purchase of treasury shares – – – (63) – (63)
Cancellation of shares (12) – 12 797 (797) –
At 1 April 2009 408 62 27 (1,109) 10,980 10,368
Loss for the financial year – – – – (6) (6)
Dividends paid – – – – (263) (263)
Capital contribution in respect of share-based
payment – – – – 71 71
Net issue of treasury shares – – – 4 – 4
At 31 March 2010 408 62 27 (1,105) 10,782 10,174
aThe authorised share capital of the company up to 1 October 2009 was £13,463m, representing 269,260,253,468 ordinary shares of 5p each. The allotted, called up and fully paid ordinary share capital of
the company at 31 March 2010 was £408m (2009: £408m), representing 8,151,227,027 ordinary shares of 5p each (2009: 8,151,227,029).
bDuring 2010, the company repurchased nil (2009: 142,608,225) of its own shares of 5p each, nil % (2009: 2%) of the called-up share capital, for consideration (including transaction costs) of £nil (2009:
£189m). In addition, 8,320,766 shares (2009: 90,626,518) were issued from treasury to satisfy obligations under employee share schemes and executive share awards at a cost of £4m (2009: £126m), and nil
treasury shares (2009: 250,000,000) were cancelled at a cost of £nil (2009: £797m). At 31 March 2010, 400,906,119 shares (2009: 409,226,885) with an aggregate nominal value of £20m (2009: £20m)
were held as treasury shares at cost.
cThe loss for the financial year, dealt with in the profit and loss account of the company after taking into account dividends received from subsidiary undertakings, was £6m (2009: profit of £502m). As
permitted by Section 408(3) of the Companies Act 2006, no profit and loss account of the company is presented.