Notes to the accounts
27 Reconciliation of movements in equity
|
|
Share capital |
Share premium account |
Capital redemption reserve |
|
|
|
|
Equity shareholders’ funds |
|
At 1 August 2005 |
140.9 |
197.5 |
|
1.7 |
234.8 |
(3.3) |
915.1 |
1,486.7 |
|
Exercises of share options |
0.9 |
26.6 |
|
|
|
|
(0.2) |
27.3 |
|
Transfers to profit for the period |
|
|
|
|
|
(5.7) |
|
(5.7) |
|
Gains taken to equity |
|
|
|
|
|
35.5 |
|
35.5 |
|
Profit for the period |
|
|
|
|
|
|
24.2 |
24.2 |
|
Dividends paid to equity shareholders |
|
|
|
|
|
|
(167.0) |
(167.0) |
|
Share-based payment |
|
|
|
|
|
|
14.5 |
14.5 |
|
Deferred tax credit related thereto |
|
|
|
|
|
|
(2.6) |
(2.6) |
|
Actuarial gain on retirement benefits |
|
|
|
|
|
|
94.5 |
94.5 |
|
Deferred tax credit related thereto |
|
|
|
|
|
|
(24.0) |
(24.0) |
|
Exchange rate changes (including tax on recognised gains) |
|
|
|
|
|
|
(120.5) |
(120.5) |
|
At 5 August 2006 |
141.8 |
224.1 |
|
1.7 |
234.8 |
26.5 |
734.0 |
1,362.9 |
|
Exercises of share options |
2.8 |
74.9 |
|
|
|
|
|
77.7 |
|
Purchase of own shares |
|
|
|
|
|
|
(7.0) |
(7.0) |
|
Return of capital to shareholders and redemption of B shares |
|
(10.0) |
5.7 |
|
|
|
(2,104.6) |
(2,108.9) |
|
Transfers to profit for the period |
|
|
|
|
|
(16.7) |
|
(16.7) |
|
Gains taken to equity |
|
|
|
|
|
13.0 |
|
13.0 |
|
Profit for the period |
|
|
|
|
|
|
1,728.1 |
1,728.1 |
|
Dividends paid to equity shareholders |
|
|
|
|
|
|
(182.4) |
(182.4) |
|
Dilution of interest in associated company |
|
|
|
|
|
|
(1.2) |
(1.2) |
|
Share-based payment |
|
|
|
|
|
|
17.3 |
17.3 |
|
Deferred tax charge related thereto |
|
|
|
|
|
|
(9.4) |
(9.4) |
|
Current tax credit related thereto |
|
|
|
|
|
|
10.3 |
10.3 |
|
Actuarial gain on retirement benefits |
|
|
|
|
|
|
70.3 |
70.3 |
|
Deferred tax credit related thereto |
|
|
|
|
|
|
(30.1) |
(30.1) |
|
Cumulative exchange losses recognised on disposals (notes 7, 30) |
|
|
|
|
|
(4.2) |
53.4 |
49.2 |
|
Exchange rate changes (including tax on recognised gains) |
|
|
|
|
|
|
(69.8) |
(69.8) |
|
At 31 July 2007 |
144.6 |
289.0 |
5.7 |
1.7 |
234.8 |
18.6 |
208.9 |
903.3 |
The retained earnings include the purchase of Smiths Group plc shares by the Smiths Industries Employee Benefit Trust. The consideration paid was £7.0m and £3.5m was received by the Trust as a result of the redemption of B shares. At 31 July 2007 the trust held 634,274 ordinary shares with a nominal value of £0.2m and a market value of £6.6m.