Annual Report & Accounts 2012 - Euromoney Institutional Investor ...

Euromoney Institutional Investor PLC Annual Report and Accounts 2012
www.euromoneyplc.com
Notes to the Company Accounts continued
13 Reserves
Share
Share premium
capital account
£000 £000
Other
reserve
£000
Capital
redemption
reserve
£000
Capital
reserve
£000
Own
shares
£000
Reserve
for
sharebased
payments
£000
Fair
value
reserve
£000
Profit
and loss
account
£000
Total
£000
At September 30 2010 296 66,082 64,981 8 1,842 (74) 15,229 (2,917) 375,644 521,091
Retained profit for the year – – – – – – – – 417,008 417,008
Change in fair value of cash flow hedges – – – – – – – 3,595 – 3,595
Tax on items taken directly to equity – – – – – – – (939) – (939)
Capital contribution – – – – – – – – (100,038) (100,038)
Credit for share-based payments – – – – – – 18,496 – – 18,496
Scrip/cash dividends paid 6 15,325 – – – – – – (21,448) (6,117)
Exercise of share options 1 717 – – – – – – – 718
At September 30 2011 303 82,124 64,981 8 1,842 (74) 33,725 (261) 671,166 853,814
Retained profit for the year – – – – – – – – 9,579 9,579
Change in fair value of cash flow hedges – – – – – – – 1,977 – 1,977
Tax on items taken directly to equity – – – – – – – (493) – (493)
Credit for share-based payments – – – – – – 2,330 – – 2,330
Scrip/cash dividends paid 6 16,304 – – – – – – (23,794) (7,484)
Exercise of share options 2 1,057 – – – – – – – 1,059
At September 30 2012 311 99,485 64,981 8 1,842 (74) 36,055 1,223 656,951 860,782
The investment in own shares is held by the Euromoney Employees’ Share Ownership Trust (ESOT). At September 30 2012 the ESOT held 58,976 shares
(2011: 58,976 shares) carried at a historic cost of £1.25 per share with a market value of £454,000 (2011: £363,000). The trust waived the rights to
receive dividends. Interest and administrative costs are charged to the profit and loss account of the ESOT as incurred.
The other reserve represents the share premium arising on the shares issued for the purchase of Metal Bulletin plc in October 2006.
Of the reserves above £36,055,000 (2011: £33,725,000) of the liability for share-based payments and £575,168,000 (2011: £589,383,000) of
the profit and loss account is distributable to equity shareholders of the company. The remaining balance of £81,783,000 (2011: £81,783,000) is
not distributable.
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