Consolidated Statement of Total Recognised Gains & Losses
For the year ended 31 March 2015
2015 2014
£’000 £’000
Profit on ordinary activities after taxation
27,705
33,739
Actuarial loss relating to retirement benefit surplus
Actuarial gain/(loss) on assets
28,064
(6,047)
Gain due to experience adjustments on liabilities
204
316
Loss due to changes in actuarial assumptions underlying the value of liabilities
(30,303)
—
(Loss)/gain due to movement in the pension asset limit
(2,521)
576
Deferred tax on actuarial loss and movement on the pension asset limit
911
1,031
Impact of the change in future tax rates on the retirement benefit surplus brought forward
—
487
Movement on hedging reserve (net of deferred tax)
(924)
2,068
Exchange movement on translation of overseas operations
5
(4)
Total recognised gains and losses relating to the year
23,141
32,166
Reconciliation of Movements in Consolidated Shareholders’ Funds
For the year ended 31 March 2015
2015 2014
£’000 £’000
Profit for the financial year
Actuarial loss and movement on asset limit relating to retirement
benefit surplus (net of deferred tax)
Movement on hedging reserve (net of deferred tax)
Exchange movement on translation of overseas operations
Dividends paid and proposed (note 9)
27,683
33,721
(3,645)
(924)
5
(27,138)
(3,637)
2,068
(4)
(15,168)
Net (reduction)/addition to shareholders’ funds
(4,019)
16,980
Opening consolidated shareholders' funds
57,082
40,102
Closing consolidated shareholders’ funds
53,063
57,082
The accompanying notes are an integral part of these financial statements.
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