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Annual Report and Accounts 2006 - DCC plc

Annual Report and Accounts 2006 - DCC plc

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notes to the financial statements9734. Provisions for liabilities <strong>and</strong> chargesGroup <strong>2006</strong> 2005€’000 €’000Current liabilitiesRationalisation <strong>and</strong> redundancy - 8,616Insurance <strong>and</strong> other 3,785 6,5333,785 15,149Rationalisation <strong>and</strong> redundancyThese provisions were fully utilised during the year. The provisions related to irrevocable commitments under variousrationalisation <strong>and</strong> redundancy programmes throughout the Group.Insurance <strong>and</strong> otherThe insurance provision relates to employers liability <strong>and</strong> public <strong>and</strong> products liability <strong>and</strong> reflects the excess notrecoverable from insurers arising from claims against Group companies. A significant element of the provision is subjectto external assessments. Other provisions relate to fair value provisions arising from business combinations.35. Capital grantsGroup <strong>2006</strong> 2005€’000 €’000At 1 April 1,086 1,241Amortisation in year (112) (155)Received in year 1,174 -Exchange <strong>and</strong> other adjustments (26) -At 31 March 2,122 1,086Disclosed as due within one year (note 25) (131) (128)1,991 95836. Equity share capital<strong>2006</strong> 2005Group <strong>and</strong> Company €’000 €’000Authorised152,368,568 ordinary shares of €0.25 each 38,092 38,092Issued88,229,404 ordinary shares (including 7,510,178 ordinary shares held as Treasury Shares)of €0.25 each, fully paid (2005: 88,169,404 ordinary shares (including 7,873,886 ordinaryshares held as Treasury Shares) of €0.25 each, fully paid) 22,057 22,042Nil ordinary shares of €0.25 each, €0.0025 paid (2005: 60,000 ordinary shares of€0.25 each, €0.0025 paid) - -22,057 22,042Movements during the yearNo. of sharesOrdinary shares of €0.25 each ‘000 €’000At 1 April 2005 88,229 22,042Payment up of partly paid shares - 15At 31 March <strong>2006</strong> 88,229 22,057

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