Report & Accounts - JLT

Financial StatementsNotes to the Financial Statementsfor the year ended 31st December 200524. Provisions cont.Deferred considerationProvision is made in respect of additional consideration payable following the initial completion of an acquisition. The value of thedeferred consideration may be revised from time to time prior to final settlement.Acquisition integration provisionProvision is made in respect of costs expected to be incurred as a result of combining and restructuring operations following anacquisition. These costs are not associated with the ongoing activities of the company.84In accordance with the requirements of IAS 37 the Group has discounted certain provisions to their present value. The discountrate applied to each provision is appropriate to the nature of the provision and the location in which the liability occurs. The interestcharge, represents the unwinding of the provision discounting, and has been included as part of "Finance costs" within theconsolidated income statement.25. Share capitalNumber of Nominal valueshares £’000AuthorisedOrdinary shares of 5p each 250,000,000 12,500Allotted, called up and fully paidAt 1st January 2005 201,998,055 10,100Allotted during the year 10,306,800 515At 31st December 2005 212,304,855 10,615Ordinary shares carry rights to dividends, voting and proceeds on winding up.During the year there have been the following changes in the share capital of the Company:1 Between 1st January and 31st December 2005 the Company issued 598,274 ordinary shares for a consideration of £1,261,963.56 toUK employees and 171,290 ordinary shares for a consideration of £366,941.42 (in local currency) to overseas employees followingexercises by employees and former employees of options held under the Jardine Lloyd Thompson Group Sharesave Option Scheme.2 Between 1st January and 31st December 2005 the Company issued 12,000 ordinary shares for a consideration of £17,400.00following exercises by executives of options held under the JIB Group plc Executive Share Option Scheme 1991.3 Between 1st January and 31st December 2005 the Company issued 185,429 ordinary shares for a consideration of £341,138.68following exercises by executives of options held under the Jardine Lloyd Thompson Group plc Executive Share Option Scheme.Jardine Lloyd Thompson Group plc Annual Report & Accounts 20054. On 29th March 2005 the Company issued 9,339,807 ordinary shares as part consideration for the acquisition of the majorityshareholding in BGHPW Limited.