Marks and Spencer 2008 Annual Report Download - page 89

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27 Statement of changes in shareholders’ equity
Ordinary Share Capital
share premium redemption Hedging Other Retained
capital account reserve reserve reserve1earnings2, 3 Total
£m £m £m £m £m £m £m
At 2 April 2006 420.6 162.3 2,113.8 (8.0) (6,542.2) 5,057.2 1,203.7
Profit for the year attributable to shareholders – – – – – 659.9 659.9
Dividends – – – – – (260.6) (260.6)
Foreign currency translation – – – – – (14.0) (14.0)
Shares issued on exercise of employee share options
4.3 40.6 – – – – 44.9
Redemption of B shares – – 54.7 – – (54.7) –
Purchase of own shares held by employee trust – – – – – (18.4) (18.4)
Purchase of call option for Company’s shares – – – – – (17.3) (17.3)
Actuarial loss on retirement benefit deficit – – – – – (8.6) (8.6)
Deferred tax on retirement benefit deficit – – – – – 4.0 4.0
Deferred tax on share schemes – – – – – 22.3 22.3
Charge for share-based payments – – – – – 27.3 27.3
Cash flow and net investment hedges
– losses deferred in equity – – – (7.4) – – (7.4)
– recycled and reported in net profit – – – 10.7 – – 10.7
– amount recognised in inventories – – – 2.1 – – 2.1
– tax on fair value gains – – – (1.8) – – (1.8)
At 31 March 2007 424.9 202.9 2,168.5 (4.4) (6,542.2) 5,397.1 1,646.8
At 1 April 2007 424.9 202.9 2,168.5 (4.4) (6,542.2) 5,397.1 1,646.8
Profit for the year attributable to shareholders – – – – – 821.7 821.7
Dividends – – – – – (343.6) (343.6)
Foreign currency translation – – – – – 21.3 21.3
Shares issued on exercise of employee share
options
3.1 28.5 – – – – 31.6
Shares purchased in buy back (31.4) – 31.4 – – (555.9) (555.9)
Purchase of own shares held by employee trust – – – – – (31.9) (31.9)
Put option for acquisition of minority interest4– – – – – (52.2) (52.2)
Actuarial gain on retirement benefit asset – – – – – 605.4 605.4
Deferred tax on retirement benefit asset – – – – – (172.4) (172.4)
Deferred tax on share schemes – – – – – (10.6) (10.6)
Charge for share-based payments – – – – – 29.0 29.0
Cash flow and net investment hedges
– losses deferred in equity – – – (33.5) – – (33.5)
– recycled and reported in net profit5– – – 1.3 – – 1.3
– amount recognised in inventories – – – 2.4 – – 2.4
– tax on fair value gains – – – (2.7) – – (2.7)
At 29 March 2008 396.6 231.4 2,199.9 (36.9) (6,542.2) 5,707.9 1,956.7
1 The ‘Other reserve’ was created as part of the capital restructuring that took place in 2002. It represents the difference between the nominal value of the shares issued prior to
the capital reduction by the Company (being the carrying value of the investment in Marks and Spencer plc) and the share capital, share premium and capital redemption reserve
of Marks and Spencer plc at the date of the transaction.
2 Cumulative goodwill of £nil (last year £nil) arising on the acquisition of subsidiaries has been written off against retained earnings.
3 Includes a cumulative £18.4m gain (last year £2.9m loss) in the currency reserve.
4 Fair value of the put option over the 49% minority interest in the share capital of COMS a.s.
5 Amounts recycled and reported in net profit have all been recorded in cost of sales.
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