Annual Report & Accounts 2009 - Anglo Irish Bank

47. Income tax effects relating to
comprehensive income
Before Tax Net of
tax benefit/ tax
amount (expense) * amount
€m €m €m
Net actuarial gains/(losses) in retirement benefit schemes 2 - 2
Net change in cash flow hedging reserve 119 - 119
Net change in available-for-sale reserve 356 - 356
Foreign exchange translation (47) - (47)
430 - 430
Before Tax Net of
tax benefit/ tax
amount (expense) amount
€m €m €m
Net actuarial gains/(losses) in retirement benefit schemes (21) 3 (18)
Net change in cash flow hedging reserve 11 (1) 10
Net change in available-for-sale reserve (529) 66 (463)
Foreign exchange translation (3) - (3)
48. Treasury shares
Ordinary shares in the Bank ('own shares') at cost
Treasury shares held for the benefit of policyholders
The Group
15 months ended 31 December 2009
* All deferred tax recognised in respect of cumulative net actuarial gains/(losses) in retirement benefit schemes, the cash
flow hedging reserve and the available-for-sale reserve at 30 September 2008 was released during the current period.
The Group
Year ended 30 September 2008
Retained earnings for the Group are stated net of treasury shares of €nil (30 September 2008: €80m).
(542) 68 (474)
The Group
Anglo Irish Bank
Annual Report & Accounts 2009
31 December 30 September
2009 2008
€m €m
- 76
- 4
- 80
On 21 January 2009, under the terms of the Anglo Irish Bank Corporation Act, 2009, all of the Bank's ordinary share capital,
including treasury shares, was transferred to the Minister for Finance. Consequently, at 31 December 2009 there were no
treasury shares held in trust in relation to employee share-based incentive plans (30 September 2008: 8,251,193) (note 10) and
no treasury shares held by Anglo Irish Assurance Company Limited for the benefit of policyholders
(30 September 2008: 958,769) (note 40).
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