Annual Report & Accounts 2009 - Anglo Irish Bank

Notes to the financial statements continued
45. Other reserves continued
Available-for-sale reserve
The available-for-sale reserve represents the unrealised net gains and losses in the fair value of available-for-sale financial assets
as adjusted for any impairment losses recognised in the income statement. Changes in fair value include movements on
associated fair value hedges. The reserve is stated net of deferred taxation.
Share-based payments reserve
46. Non-controlling interests
110
Movement in available-for-sale reserve
At beginning of period
Release of deferred taxation
Net changes in fair value
Impairment recognised in income statement
Transfers to income statement
Foreign exchange and other movements
At end of period
The Group
15 months Year
ended ended
31 December 30 September
2009 2008
€m €m
(563) (100)
(80) -
(42) (584)
471 136
(5) (15)
12 -
(207) (563)
The available-for-sale reserve consists of unrealised losses on asset backed securities of €112m (30 September 2008: €372m),
on residential mortgage backed securities of €87m (30 September 2008: €92m) and bank securities of €79m
(30 September 2008: €112m), offset by unrealised gains on sovereign securities of €71m (30 September 2008: €13m).
The share-based payments reserve represented the cumulative income statement expense for unexercised share options and
deferred share awards granted on or after 7 November 2002. Following the enactment of the Anglo Irish Bank Corporation
Act, 2009, which extinguished all rights outstanding under the various share-based incentive plans, the cumulative balance in
the share-based payment reserve was transferred to retained earnings.
The Group
31 December 30 September
2009 2008
€m €m
Equity interests in subsidiary undertakings 1 7