Annual Report 2009 - Dairygold

Dairygold Co-Operative Society Limited Annual Report and Accounts 2009
19 Share capital - Issued ordinary shares of E1 each
2009 2008
E’000 E’000
At 1 January 98,997 63,209
Shares issued 4 59
Bonus issues from bonus reserve - Note 20 1,039 2,193
Conversion of convertible stock - Note 21 1 1
Shares redeemed (1,342) (1,167)
Bonus issue - 34,781
Shares cancelled (82) (79)
At 31 December 98,617 98,997
In common with other Societies incorporated under the Industrial and Provident Societies Acts, 1893 to 1978, the
Society does not have an authorised share capital. The rules make provision for the issue of shares at the discretion
of the Board and for the issue of convertible stock and loan capital. Any issues have taken place at par.
A bonus issue of 11 new shares for every 20 shares held by Members as at 19th May 2008 in accordance with the
resolution passed by Members at the Annual General Meeting held on 20th May 2008, was incorporated in 2008.
20 Reserves
Capital Revaluation Bonus Profit & Loss
reserves reserve reserve account
E’000 E’000 E’000 E’000
At 1 January 1,007 6,946 1,177 97,125
Conversion to share capital - Note 19 - - (1,039) -
Arising on currency translation - - 2,572
Actuarial gain recognised in the statement
of total recognised gains and losses
(net of deferred tax) - - - 2,237
Gain arising on exit of a participating
employer from pension scheme
(net of deferred tax) - - 5,329
Share of associates’ reserves movements - - - (2,068)
Cancellation of shares and related dividends - - - 112
Profit for year - - - 8,075
At 31 December 1,007 6,946 138 113,382
Society and subsidiaries 1,007 6,946 138 108,209
Associates - - - 5,173
At 31 December 1,007 6,946 138 113,382
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