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

Euromoney Institutional Investor PLC Annual Report and Accounts 2012
www.euromoneyplc.com
Consolidated Statement of
Changes in Equity
for the year ended September 30 2012
Our Performance
Share
Share premium
capital account
£000 £000
Other
reserve
£000
Capital
redemption
reserve
£000
Own
shares
£000
Reserve
for
sharebased
payments
£000
Fair
value
reserve
£000
Translation
Retained
reserve earnings
£000 £000
Equity
noncontrolling
Total interests
£000 £000
Total
£000
At September 30 2011 303 82,124 64,981 8 (74) 33,725 (32,768) 55,216 16,218 219,733 5,842 225,575
Retained profit for the year – – – – – – – – 69,672 69,672 168 69,840
Change in fair value of cash
flow hedges – – – – – – 3,913 – – 3,913 – 3,913
Transfer of loss on cash
flow hedges from fair value
reserves to Income Statement:
Foreign exchange losses in
total revenue – – – – – – 3,382 – – 3,382 – 3,382
Foreign exchange losses in
operating profit – – – – – – 184 – – 184 – 184
Interest rate swap losses
in interest payable on
committed borrowings – – – – – – 1,251 – – 1,251 – 1,251
Net exchange differences on
translation of net investments
in overseas subsidiary
undertakings – – – – – – – (14,488) – (14,488) 838 (13,650)
Net exchange differences on
foreign currency loans – – – – – – 5,886 – – 5,886 – 5,886
Actuarial losses on defined
benefit pension schemes – – – – – – – – (3,398) (3,398) – (3,398)
Tax on items taken directly
to equity – – – – – – – – (727) (727) – (727)
Total comprehensive
income for the year – – – – – – 14,616 (14,488) 65,547 65,675 1,006 66,681
Exercise of acquisition option
commitments – – – – – – – – 62 62 (62) –
Credit for share-based
payments – – – – – 2,330 – – – 2,330 – 2,330
Scrip/cash dividends paid 6 16,304 – – – – – – (23,794) (7,484) (299) (7,783)
Exercise of share options 2 1,057 – – – – – – – 1,059 62 1,121
At September 30 2012 311 99,485 64,981 8 (74) 36,055 (18,152) 40,728 58,033 281,375 6,549 287,924
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.
Consolidated Statement of Changes in Equity
Company Accounts Group Accounts Our Governance
The other reserve represents the share premium arising on the shares issued for the purchase of Metal Bulletin plc in October 2006.
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