Carphone Warehouse 2013 Annual Report Download - page 85

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ANNUAL REPORT 2013 CARPHONE WAREHOUSE GROUP PLC 83
BUSINESS REVIEW GOVERNANCE FINANCIAL STATEMENTS
9 SHARE CAPITAL, RESERVES AND ACCUMULATED PROFITS continued
Share Profit Capital
Share premium and loss redemption
capital reserve account reserve Total
2013 £m £m £m £m £m
Opening balance 33.4 170.0 175.3 556.9 935.6
Retained loss for the year — — (3.6) —(3.6)
Redemption of shares (32.9) —(32.9) 32.9 (32.9)
Equity dividends — — (23.7) —(23.7)
Capital reduction — — 589.8 (589.8) —
Net cost of share-based payments — — 0.1 —0.1
Closing balance 0.5 170.0 705.0 —875.5
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
Closing balance 33.4 170.0 175.3 556.9 935.6
Notes 19 and 20 to the Group financial statements provides further details of the issue of shares, redemption of shares
andthecapitalreduction.
For details of the Company’s equity dividends and other distributions see note 3.
10 POST BALANCE SHEET EVENTS
On 26 June 2013 the Company is scheduled to complete the CPW Europe Acquisition for a net consideration of £471m, at which point
Best Buy Europe will become a 100% owned subsidiary of the Company. Further details in relation to this acquisition can be found in note
21 to the Group financial statements.
11 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:
2013 2012
Virgin Virgin
Best Buy Mobile Best Buy Mobile
Europe France Europe France
£m £m £m £m
Net interest and other finance income —0.8 0.3 1.2
Loans owed to the Company —20.5 —24.3
Other amounts owed to the Company 0.1 —0.4 —
Other amounts owed by the Company (6.4) —— —