Carphone Warehouse 2009 Annual Report Download - page 83

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www.cpwplc.com 79
Financial Statements
24 Share capital
2009 2008 2009 2008
million million £m £m
Authorised
Ordinary shares of 0.1p each 1,500 1,500 2 2
Allotted, called-up and fully paid
Ordinary shares of 0.1p each 914 914 1 1
25 Reserves and accumulated profits
2009
Share Share premium Translation Accumulated
capital reserve reserve profits Total
£m £m £m £m £m
Opening balance 1 476 (66) 240 651
Net prot for the year – – – 550 550
Currency translation and cashow hedges – – 25 – 25
Net transfer to prot on disposal from equity of cumulative
translation differences for discontinued activities – – (10) – (10)
Net transfer to prot on disposal from equity of gains on
available-for-sale assets for discontinued activities – – – (2) (2)
Tax on items recognised directly in reserves (see note 9) – – – (16) (16)
Net change in available-for-sale investments – – – 1 1
Net purchase of own shares (see below) – – – (51) (51)
Net cost of share-based payments (see note 7) – – – 6 6
Equity dividends (see note 10) – – – (38) (38)
Closing balance 1 476 (51) 690 1,116
2008 (restated)
Share Share premium Translation Accumulated
capital reserve reserve prots Total
£m £m £m £m £m
Opening balance 1 427 2 225 655
Net prot for the year – – – 73 73
Currency translation and cashow hedges – – (68) – (68)
Tax on items recognised directly in reserves (see note 9) – – – 7 7
Net change in available-for-sale investments – – – (8) (8)
Issue of share capital – 49 – – 49
Net purchase of own shares (see below) – – – (35) (35)
Net cost of share-based payments (see note 7) – – – 9 9
Equity dividends (see note 10) – – – (31) (31)
Closing balance 1 476 (66) 240 651
Net purchase of own shares:
The Group has an Employee Share Ownership Trust (“ESOT”) which holds 22m shares (2008: 7m) in the Company for the benet
of the Group’s employees. The ESOT has waived its rights to receive dividends and none of its shares has been allocated to
specic schemes. At 31 March 2009 the shares had a market value of £28m (2008: £19m).