Jupiter Annual Report 2010 - Jupiter Asset Management

Financial statements – continuation | Notes to the financial statements
30. Reserves continued
Retained earnings
2010
Group
£m
2009
Group
£m
2010
Company
£m
2009
Company
£m
At 1 January 6.9 (1.9) (7.1) (3.8)
Profit/(loss) for the year 32.5 8.6 62.0 (2.9)
Deferred tax on share based payments 1.6 – – –
Proceeds from shares issued – 0.3 – –
Share based payments 7.8 0.3 7.8 –
Share issue expenses – (0.4) – (0.4)
At 31 December 48.8 6.9 62.7 (7.1)
As permitted by section 408 of the Companies Act 2006 a separate income statement and statement of other comprehensive income has not been
presented for the Company.
31. Financial commitments
The future aggregate minimum lease payments under non-cancellable operating leases are as follows, taking into consideration any early break
clauses exercisable by the Group.
2010
£m
2009
£m
Not later than one year 1.0 2.7
Later than one year and not later than five years – 0.8
Total financial commitments 1.0 3.5
There are no special terms of renewal or purchase options for the Group’s leasehold property, nor are there any restrictions on dividends,
additional debt or further leasing imposed from the leasing arrangements.
32. Earnings per share
Basic earnings per share amounts are calculated by dividing the net profit or loss for the period attributable to ordinary equity holders of the
parent, after the deduction of the catch up entitlement of £10.4m on the Tier 1 preference share conversion, by the weighted average number
of ordinary shares outstanding during the period, less the weighted average number of own shares held of the catch-up entitlement of £10.4m
on the Tier 1 preference share conversion.
Diluted earnings per share amounts are calculated by dividing the net profit or loss for the period attributable to ordinary equity holders of the
parent, after the deduction of the catch up entitlement of £10.4m on the Tier 1 preference share conversion, by the weighted average number
of ordinary shares outstanding during that period plus the weighted average number of ordinary shares that would be issued on the conversion
of all the dilutive potential ordinary shares into ordinary shares. (Both calculations are performed after taking retrospective account of the
restructuring of the Company’s share capital.)
2010
£m
2009
£m
Net profit attributable to ordinary equity holders of the parent for basic earnings, after the deduction
of the catch up entitlement of £10.4m on the Tier 1 preference share conversion
22.1 8.6
Total 22.1 8.6
Annual Report & Accounts 2010 93 Jupiter Fund Management plc