Savills plc 2012 Annual Report - (PDF) - Investor relations

27. Retained earnings and other reservesGroupShare-basedpaymentsreserve£mTreasuryshares£mProfitand lossaccount*£mTotalretainedearnings*£mCapitalredemptionreserve£mForeignexchangereserves£mRevaluationreserves£mTotal otherreserves£mBalance at 1 January 2012 24.1 (30.1) 99.4 93.4 0.3 23.8 (0.5) 23.6Profit attributable to owners of the Company – – 38.5 38.5 – – – –Other comprehensive income – – 1.5 1.5 – (3.6) 0.8 (2.8)Employee share option scheme:– Value of services provided 10.4 – – 10.4 – – – –– Exercise of options (9.3) 8.1 1.2 – – – – –Purchase of treasury shares – (1.6) – (1.6) – – – –Dividends – – (16.9) (16.9) – – – –Transactions with non-controlling interests – – (4.2) (4.2) – – – –Balance at 31 December 2012 25.2 (23.6) 119.5 121.1 0.3 20.2 0.3 20.8Our business Our governance Our resultsBalance at 1 January 2011 23.4 (30.3) 105.8 98.9 0.3 23.7 0.2 24.2Profit attributable to owners of the Company – – 26.5 26.5 – – – –Other comprehensive income – – (15.5) (15.5) – 0.1 (0.7) (0.6)Employee share option scheme:– Value of services provided 11.3 – – 11.3 – – – –– Exercise of options (10.6) 10.3 0.3 – – – – –Purchase of treasury shares – (10.1) – (10.1) – – – –Dividends – – (16.3) (16.3) – – – –Transactions with non-controlling interests – – (1.4) (1.4) – – – –Balance at 31 December 2011 24.1 (30.1) 99.4 93.4 0.3 23.8 (0.5) 23.6* Included within Profit and loss account is tax on items taken directly to equity (Note 11) as disclosed above.28. Contingent liabilitiesIn common with comparable professional services businesses, the Group is involved in a number of disputes in the ordinary courseof business. Provision is made in the financial statements for all claims where costs are likely to be incurred and represents the cost ofdefending and concluding claims. The Group carries professional indemnity insurance and no separate disclosure is made of the cost ofclaims covered by insurance as to do so could seriously prejudice the position of the Group.29. Operating lease commitments – minimum lease paymentsGroupProperty leases Other leases TotalFuture aggregate minimum lease payments undernon-cancellable operating leases are as follows:Within 1 year 18.4 19.9 3.4 3.0 21.8 22.9Between 1 to 5 years 64.7 67.1 3.1 3.6 67.8 70.7After 5 years 143.9 98.0 – – 143.9 98.0227.0 185.0 6.5 6.6 233.5 191.62012£m2011£m2012£m2011£m2012£m2011£mSavills plc Report and Accounts 2012 109