Carphone Warehouse 2015 Annual Report Download - page 125

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Dixons Carphone plc Annual Report and Accounts 2014/15
Financial statements
123
21 Share capital, retained earnings and reserves
a) Share capital
2 Ma
y
2015
million
29 March
2014
million
2 Ma
y
2015
£million
29 March
2014
£million
A
llotted, called-up and fully paid ordinary shares of 0.1p each 1,151 576 1 1
Note
2 Ma
y
2015
million
29 March
2014
million
2 Ma
y
2015
£million
29 March
2014
£million
Ordinary shares of 0.1p each in issue at the beginning of the period 576 473 1 1
Issued as consideration to Dixons shareholders (i) 575 — — —
Issued for cash (ii) — 47 — —
Issue of Consideration Shares (iii) — 42 — —
Exercise of share options — 14 — —
Ordinary shares of 0.1p each in issue at the end of the period 1,151 576 1 1
(i) During the year, 574.7 million shares with a mid-market price of £3.432 were issued as part of the all share merger with Dixons as described
in note 23.
(ii) On 30 April 2013 the Group placed 47.2 million ordinary shares at £2.22 per share, raising net proceeds of £103 million which were used to
fund part of the consideration for the CPW Europe Acquisition.
(iii) On 25 June 2013 the Group issued 42.1 million Consideration Shares to Best Buy. Best Buy agreed to waive rights to dividends payable on
these shares for the period in which they were in their ownership. The Consideration Shares were placed by the Group in July 2013 and
from this point held the same rights as other ordinary shares.
b) Retained earnings and reserves
Movement in retained earnings and reserves during the reported periods are presented in the consolidated statement of changes
in equity. The demerger reserve arose as part of the demerger of the Group from TalkTalk in 2010.
22 Equity dividends
2 Ma
y
2015
£million
29 March
2014
£million
A
mounts recognised as distributions to equity shareholders in the period
– on ordinary shares of 0.1p each
Final dividend for the year ended 31 March 2013 of 3.25p per ordinary share — 19
Interim dividend for the year ended 29 March 2014 of 2.00p per ordinary share — 11
Final dividend for the year ended 29 March 2014 of 4.00p per ordinary share 23 —
Interim dividend for the 13 months ended 2 May 2015 of 2.50p per ordinary share 29 —
52 30
The following distribution is proposed but had not been effected at 2 May 2015 and is subject to shareholders’ approval at the
forthcoming Annual General Meeting:
£million
Final dividend for the 13 months ended 2 May 2015 of 6.0p per ordinary share 69