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92 The Carphone Warehouse Group PLC Annual Report 2009
Notes to the Company Financial Statements – continued
11 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
12 Reserves
Share Share Profit and
capital premium loss account Total
£m £m £m £m
At 30 March 2008 1 476 248 725
Retained prot for the year – – 1,569 1,569
Net change in available-for-sale investments – – 1 1
Net cost of share-based payments – – 6 6
At 31 March 2009 1 476 1,824 2,301
Share Share Prot and
capital premium loss account Total
£m £m £m £m
At 1 April 2007 1 427 261 689
Retained loss for the year – – (16) (16)
Net change in available-for-sale investments – – (6) (6)
Issue of share capital – 49 – 49
Net cost of share-based payments – – 9 9
At 29 March 2008 1 476 248 725
Included in the prot for the year is a share-based payments charge of £1m (2008: £5m) representing the cost of share-based
payments granted to Group employees whose costs are borne by the Company.
13 Reconciliation of movements in shareholders’ funds
2009 2008
£m £m
Prot for the year 1,607 15
Equity dividends (38) (31)
Retained prot (loss) for the year 1,569 (16)
Net change in available-for-sale investments 1 (6)
Issue of share capital – 49
Net cost of share-based payments 6 9
Net movement in shareholders’ funds 1,576 36
Opening shareholders’ funds 725 689
Closing shareholders’ funds 2,301 725
14 Related party transactions
The Company has taken advantage of the exemption under FRS 8 ‘Related Party Disclosures’ not to provide details of related
party transactions with other Group companies, as the Company nancial statements are presented together with the
consolidated Group nancial statements.
The Company has provided the following loans to joint ventures and associates:
Loans outstanding Interest charged
31 March 2009 29 March 2008 2009 2008
£m £m £m £m
Best Buy Europe 293 – 12 –
Virgin Mobile France 22 12 1 1
Geek Squad UK – 5 – –