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