Annual Report and Accounts 2006 - DCC plc

notes to the financial statements9939. Retained earnings2006 2005Group €’000 €’000At 31 March 343,936 310,313Impact of adoption of IAS 32 and 39 (1,689) -At 1 April 342,247 310,313Net income recognised in Income Statement 123,764 87,760Net income recognised directly in equity- actuarial gain/(loss) on Group defined benefit pension schemes 1,779 (7,742)- deferred tax asset on actuarial loss 82 771Deferred tax on employee share options 25 25Share buyback (inclusive of costs) - (26,762)Re-issue of Treasury Shares (net of expenses) 3,148 6,783Dividends (31,568) (27,212)At 31 March 439,477 343,9362006 2005Company €’000 €’000At 1 April 41,128 87,339Profit/(loss) retained for the year 11,280 (26,232)Share buyback (inclusive of costs) - (26,762)Re-issue of Treasury Shares (net of expenses) 3,148 6,783At 31 March 55,556 41,128The cost to the Group and the Company of €83.965 million to acquire the 7,510,178 shares held in Treasury has beendeducted from the Group and Company Retained Earnings. These shares were acquired at prices ranging from €9.25 to€12.80 each (average €10.48) between 28 July 2000 and 17 May 2004.40. Minority interestGroup 2006 2005€’000 €’000At 1 April 4,348 4,081Arising on acquisition (note 45) 24 (130)Share of profit for the financial year (less attributable to associates) 548 573Dividends to minorities (201) (176)Exchange and other adjustments (5) -At 31 March 4,714 4,348