Annual Report 2015 | Page 82

Notes to the Financial Statements 23 Share Capital Group and Company 2015 £’000 Authorised 47,058,824 ordinary shares of 42.5p each 2014 £’000 20,000 20,000 Issued and fully paid 12,819,856 ordinary shares of 42.5p each 5,449 5,449 24 Reserves Group Share Capital Currency Premium Redemption Merger Translation Hedging Profit and Account Reserve Reserve Reserve Reserve Loss Account £’000 £’000 £’000 £’000 £’000 £’000 At 1 April 2014 10,882 1 (253) (7) (4,942) 45,952 Profit for the financial year — — — — — 27,683 Dividends paid or proposed (note 9) — — — — — (27,138) Other recognised losses (net of deferred tax) — — — — — (3,645) Exchange movements on translation    of overseas operations — — — 5 — — Change in value of hedging instruments    - cash flow hedges (net of deferred tax) — — — — (1,073) — Amounts recycled to profit and loss    (net of deferred tax) — — — — 149 — At 31 March 2015 10,882 1 (253) (2) (5,866) 42,852 Included within the Group profit and loss account balance is the surplus (net of deferred tax) of the defined benefit pension scheme of £12,546,000 (2014: £12,167,000). Company Share Capital Premium Redemption Hedging Profit and Account Reserve Reserve Loss Account £’000 £’000 £’000 £’000 At 1 April 2014 Profit for the financial year Dividends paid or proposed (note 9) Change in value of hedging instruments - cash flow hedges    (net of deferred tax) 10,882 — — 1 — — 40 — — 36,6 49 26,460 (27,138) — — (1,306) — At 31 March 2015 10,882 1 (1,266) 35,971 As provided by Section 408 of the Companies Act 2006, the Company has not presented its own profit and loss account. The Company’s profit after tax for the financial year was £26,460,000 (2014: £41,665,000). 80