BT 2016 Annual Report Download - page 220

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226 BT Group plc
Annual Report 2016
Called
upshare
capital
£m
Share
premium
a account
£m
Capital
redemption
reserve
£m
Merger
reserve
£m
Own shares
£m
Profit
and loss
b account
£m
b,c Total
£m
At 1 April 2014 408 62 27 –(829) 9,693 9,361
Profit for the financial year –––––979 979
Dividends paid –––––(925) (925)
Capital contribution in respect of share-based payments –––––70 70
Issue of new shares 11 989 – – – – 1,000
Net buyback of own shares – – – – 664 (783) (119)
At 1 April 2015 419 1,051 27 –(165) 9,034 10,366
Profit for the financial year –––––1,213 1,213
Dividends paid –––––(1,078) (1,078)
Capital contribution in respect of share-based payments –––––58 58
Issue of new shares (note 2) 80 – – 7,424 – – 7,504
Net buyback of own shares – – – – 50 (275) (225)
At 31 March 2016 499 1,051 27 7,424 (115) 8,952 17,838
a
The allotted, called up and fully paid ordinary share capital of the company at 31 March 2016 was £499m (31 March 2015: £419m), representing 9,968,127,681 (31 March 2015: 8,373,227,252)
ordinary shares of 5p each.
b In2015/16, 84,760,494 shares (2014/15: 332,679,857 ) were issued from Own shares to satisfy obligations under employee share schemes and executive share awards at a cost of £365m (2014/15:
£983m). At 31March 2016, 24,771,632 shares (31 March 2015: 41,577,691) with an aggregate nominal value of £1m (31 March 2015: £2m) were held as part of Own shares at cost.
c As permitted by Section 408(3) of the Companies Act 2006, no profit and loss account of the company is presented. The profit 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 £1,213m (2014/15: £979m).
BT Group plc company statement of changes in equity