Carphone Warehouse 2001 Annual Report Download - page 50

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21 Reserves
Profit and Share Capital Total
loss account premium redemption
account reserve
£’000 £’000 £’000 £’000
Group
At 25 March 2000 43,560 – 30 43,590
Profit for the financial period 38,159 – – 38,159
Currency translation (383) – – (383)
Issue of share capital* – 356,235 – 356,235
Other movements (1,676) – – (1,676)
At 31 March 2001 79,660 356,235 30 435,925
Company
At 25 March 2000 484 – – 484
Profit for the financial period 628 – – 628
Currency translation (432) – – (432)
Issue of share capital* – 356,235 – 356,235
At 31 March 2001 680 356,235 – 356,915
*Net of issue costs of £19.4m.
In accordance with the exemption permitted by S230 of the Companies Act 1985, the profit and loss account of the Company is not
separately presented. The profit attributable to shareholders of the Company for the year is £0.6m (2000 – £0.9m).
Other movements of £2.1m relate to the exercise of employee share options and the reversal of a charge recognised in the profit and
loss account of £0.4m relating to shares issued to employees at below market value prior to flotation.
The cumulative amount of goodwill written off against the Group’s reserves is £0.1m (2000 – £0.1m)
22 Reconciliation of movements in shareholders’ funds
Group Company
2001 2000 2001 2000
£’000 £’000 £’000 £’000
Profit for the financial period 38,159 16,327 628 903
Currency translation (383) (543) (432) –
New shares issued 356,468 –356,468 –
Other movements (1,676) –––
Net movements in shareholders’ funds 392,568 15,784 356,664 903
Opening shareholders’ funds 44,190 28,406 1,084 181
Closing shareholders’ funds 436,758 44,190 357,748 1,084
23 Minority interests
Equity
interests
£’000
At 25 March 2000 (770)
Minority interests’ share of profits in the period 563
Change in minority interests during the period 1,945
Foreign exchange (51)
At 31 March 2001 1,687
The change in minority interests arose from the acquisition of the Group’s holding in certain subsidiary undertakings during the period, as
detailed in note 12a.
Notes to the financial statements continued
48 The Carphone Warehouse Group PLC Annual Report 2001