Annual Report & Accounts 2009 - Anglo Irish Bank

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Notes to the financial statements continued 43. Share capital 108 Ordinary share capital Authorised 26,200,000,000 ordinary shares of €0.16 each (30 September 2008: 1,200,000,000) Allotted, called up and fully paid Group and Bank 31 December 30 September 2009 2008 €m €m 4,192 192 25,769,150,409 ordinary shares of €0.16 each (30 September 2008: 769,150,409) 4,123 123 Movements in allotted, called up and fully paid share capital 31 December 30 September 2009 2008 number number Number of ordinary shares: At beginning of period 769,150,409 763,113,647 Issue of share capital 25,000,000,000 - Scrip dividends Options exercised - 1,779,275 - Employee Share Option Scheme - 3,118,400 - Save As You Earn Scheme - 640,665 Performance Share Plan - 498,422 At end of period 25,769,150,409 769,150,409 On 21 January 2009, under the terms of the Anglo Irish Bank Corporation Act, 2009, all of the Bank's ordinary share capital was transferred to the Minister for Finance. During the 15 month period ended 31 December 2009 the allotted, called up and fully paid ordinary share capital was increased from 769,150,409 to 25,769,150,409 shares as follows: On 29 June 2009 the Bank received €3,000,000,000 of capital from the Irish Government and in return issued 18,750,000,000 ordinary shares of €0.16 each. On 6 August 2009 the Bank received €827,720,004 of capital from the Irish Government and in return issued 5,173,250,025 ordinary shares of €0.16 each. On 25 September 2009 the Bank received €172,279,996 of capital from the Irish Government and in return issued 1,076,749,975 ordinary shares of €0.16 each. Preference share capital The Bank had authorisation from shareholders to issue preference share capital as follows: Group and Bank 31 December 30 September 2009 2008 €m €m 50,000,000 non-cumulative preference shares of €1 each 50 50 50,000,000 non-cumulative preference shares of Stg£1 each 56 63 50,000,000 non-cumulative preference shares of US$1 each 35 35 On 15 June 2005 300,000 non-cumulative preference shares of Stg£1 each were issued at a price of Stg£997.99 per share. Under IAS 32, these are classified as subordinated liabilities and other capital instruments (note 42). On 21 January 2009, under the terms of the Anglo Irish Bank Corporation Act, 2009, the 300,000 non-cumulative preference shares of Stg£1 each were transferred to the Minister for Finance.
44. Capital reserve 31 December 30 September 31 December 30 September 2009 2008 2009 2008 €m €m €m €m Capital reserve 8,300 - 8,300 - On 22 December 2009 the Bank’s sole Shareholder, the Minister for Finance, wrote to the Bank outlining his commitment, subject to EU State Aid approval, to ensure that the Bank had sufficient capital to continue to meet regulatory capital requirements at 31 December 2009. On 23 December 2009 the Board accepted the Shareholder's binding commitment. The Bank recognised a receivable from the Shareholder on 31 December 2009 on the basis that it was virtually certain to occur (note 25), and a corresponding credit to a capital reserve. Subsequently on 31 March 2010, the Bank received a promissory note to the value of €8.3bn from the Shareholder in settlement of the receivable. Refer to note 58, Events after the reporting period, for more details. The Financial Regulator has confirmed that the capital reserve qualifies as eligible Core Tier 1 capital. 45. Other reserves Non-distributable capital reserve This is a non-distributable capital reserve. Exchange translation reserve The exchange translation reserve has two components. It includes the cumulative foreign exchange differences arising from translating the income statements of foreign operations at average exchange rates and the translation of the statements of financial position of foreign operations using exchange rates ruling at the period end. It also includes the cumulative foreign exchange differences arising from the translation of the Group's investment in foreign operations, net of exchange differences arising on funding designated as hedges of these investments. Movement in exchange translation reserve At beginning of period Exchange differences on translation of foreign operations Net gain on hedges of net investments in foreign operations At end of period Cash flow hedging reserve Movement in cash flow hedging reserve At beginning of period Release of deferred taxation Net changes in fair value Transfers to income statement At end of period The Group The Bank The Group 15 months Year ended ended 31 December 30 September 2009 2008 €m €m (9) (6) (212) (113) 165 110 (56) (9) The cash flow hedging reserve represents the effective portion of the cumulative net change in the fair value of derivatives designated as cash flow hedges. It is stated net of deferred taxation. The Group Anglo Irish Bank Annual Report & Accounts 2009 15 months Year ended ended 31 December 30 September 2009 2008 €m €m (9) (19) (1) - 341 24 (221) (14) 110 (9) 109
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Annual Report & Accounts 2009
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Contents Page Chairman’s statemen
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Legacy matters The Bank is continui
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Jim Brydie was appointed Head of Gr
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Business review This business revie
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Divisional lending balances by sect
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holdings, reduced investment cash f
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30 September 2008. Average total cu
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Income statement - treasury impairm
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to acquire these assets they are in
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Board of Directors Donal O’Connor
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In keeping with our environmental p
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Principal risks and uncertainties T
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Credit risk Credit risk is the risk
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Report of the Directors The Directo
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Corporate governance statement On 1
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Corporate governance statement cont
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Independent Auditors' report to the
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Consolidated income statement For t
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Consolidated statement of financial
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Consolidated statement of changes i
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Statement of cash flows For the 15
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Notes to the financial statements I
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Notes to the financial statements c
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Supplementary information Consolida
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Annual Report & Accounts 2009 - Anglo Irish Bank

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