Annual Report 2010 in PDF - BBA Aviation

Financial statements Notes to the Consolidated Financial Statements – continued
85 Independent Auditor’s
Report to the Members of
BBA Aviation plc in Respect
of the Consolidated
21. Share capital and reserves
Issue of share capital
Financial Statements
During the year, the Group issued 136,927 ordinary 2916 /21p shares to satisfy options exercised under the BBA Aviation plc share option schemes.
86
87
Consolidated Income
Statement
Consolidated Statement of
The consideration for shares issued in respect of share options was £136,270.
During the year, the Group issued 9,000,472 ordinary shares to satisfy subscriptions under the Scrip Dividend scheme.
Comprehensive Income 2010 2009
88 Consolidated Balance Sheet
£m £m
89 Consolidated Cash Flow
Statement
Reserves attributable to equity interests
Share premium account
90 Consolidated Statement of
Changes in Equity Beginning of
91 Accounting Policies of
the Group End
95 Notes to the Consolidated
Financial Statements
126 Independent Auditor’s
Report to the Members of
BBA Aviation plc in Respect
of the Parent Company
Financial Statements
127 Company Balance sheet
128 Accounting Policies of
the Company
129 Notes to the Company Capital reserve
Financial Statements Beginning of
year 343.4 346.4
Issue of share capital and scrip dividend (2.7) (3.0)
of year
Other reserves
340.7 343.4
Beginning and end of year
Treasury reserve
3.9 3.9
Beginning of year (3.2) (3.4)
Purchase of own shares (2.8) (0.2)
Transfer to retained earnings 0.2 0.4
End of year (5.8) (3.2)
year 19.8 18.8
134 Principal Subsidiary
Undertakings
135 Five Year Summary
136 Shareholder Information
Credit to equity for equity-settled share-based payments
Transfer to retained earnings on exercise of equity-settled share-based payments
End of year
Hedging reserve
2.4
(1.3)
20.9
2.5
(1.5)
19.8
Beginning of year (7.9) (28.2)
Increase/(decrease) in fair value of cash flow hedging derivatives (15.6) 7.0
Transfer to income statement 10.3 13.3
End of year
Translation reserve
(13.2) (7.9)
Beginning of year 18.3 39.1
Exchange differences on translation of foreign operations 0.5 (20.8)
End of year 18.8 18.3
Total other
Retained earnings
24.6 30.9
Beginning of year (51.6) (62.1)
Transfer from capital reserve on exercise of equity-settled share-based payments 1.3 1.5
Transfer from treasury reserve (0.2) (0.4)
Change in non-controlling interest (0.5) –
Tax on items taken directly to reserves 1.3 (3.2)
Actuarial losses (7.0) (13.4)
Dividends paid (17.4) (21.9)
Profit for the year 65.1 47.9
(9.0) (51.6)
120 — Consolidated Financial Statements
At 31 December 2010, 13,882 ordinary 29 16 /21p shares (2009: 13,882 shares) with a nominal value of £4,132 (2009: £4,132) and a market value of
£30,763 (2009: £22,766) were held in the BBA Employee Beneft Trust, a trust set up in 2006. EES Trustees International Limited, the trustees of the
BBA Employment Beneft Trust, has agreed to waive its dividend entitlement in certain circumstances. At 31 December 2010, 3,607,716 ordinary
29 16 /21p shares (2009: 2,202,365) with a nominal value of £1,073,725 (2009: £655,466) and a market value of £7,994,699 (2009: 3,611,879) were also
held in the 1995 BBA Group Employee Share Trust. This included shares received under the Scrip Dividend Scheme: 56,650 shares received on
21 May 2010 and 40,142 shares received on 29 October 2010.