Carphone Warehouse 2012 Annual Report Download - page 88

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Carphone Warehouse Group plc Annual Report 201284
9 Share capital, reserves and accumulated profits
2012 2011 2012 2011
million million £m £m
Allotted, called‑up and fully paid ordinary shares of 0.1p each 472.8 457.1 0.5 0.5
B shares – redeemable preference shares of 172p each 19.2 —32.9 —
Deferred shares of 0.01p each 129.7 ———
Share Profit Capital
Share premium and loss redemption
capital reserve account reserve Total
2012 £m £m £m £m £m
Opening balance 0.5 754.0 181.5 —936.0
Retained profit for the year — — 789.6 —789.6
Issue of shares 589.8 (584.0) — — 5.8
Redemption of shares (556.9) —(556.9) 556.9 (556.9)
Equity dividends — — (253.6) —(253.6)
Tax on items recognised directly in reserves — — (0.2) —(0.2)
Net cost of share‑based payments — — 14.9 —14.9
At 31 March 2012 33.4 170.0 175.3 556.9 935.6
Share Profit
Share premium and loss Demerger
capital reserve account reserve Total
2011 £m £m £m £m £m
On incorporation — — — — —
Retained profit for the period — — 176.2 — 176.2
Tax on items recognised directly in reserves — — 1.0 — 1.0
Net cost of share‑based payments — — 4.3 — 4.3
Insertion as holding company of Old Carphone Warehouse Group — — — 1,741.4 1,741.4
Capitalisation of demerger reserve 1.4 1,740.0 — (1,741.4) —
Demerger of TalkTalk Group (0.9) (986.0) — — (986.9)
At 31 March 2011 0.5 754.0 181.5 — 936.0
Note 20 to the Group financial statements provides further details of the issue and redemption of shares.
For details of the Company’s equity dividends and special distributions see note 3.
10 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’s financial statements are presented together with the consolidated Group
financial statements.
During the year, the Company had the following disclosable transactions and balances with its joint ventures and other related parties:
2012 2011
Virgin Virgin
Best Buy Mobile TalkTalk Best Buy Mobile
Europe France Group Europe France
£m £m £m £m £m
Net interest and other finance income 0.3 1.2 —1.0 1.6
Loans owed to the Company —24.3 — — 35.7
Other amounts owed to the Company 0.4 —0.1 0.2 0.1
Other amounts owed by the Company — — —(1.2) —
NOTES TO THE COMPANy FINANCIAL STATEMENTS CONTINUED