Annual Report 2010 in PDF - BBA Aviation

10. Capital and reserves
Details of Company Share Capital are provided within note 21 to the consolidated f nancial statements.
2010 2009
£m £m
Reserves attributable to equity interests
Share premium account
Beginning of year 343.3 346.4
Premium on shares issued (2.7) (3.1)
End of year 340.6 343.3
Revaluation reserve
Beginning and end of year
Other
Merger reserve
3.5 3.5
Beginning and end of year
Capital reserve
99.3 99.3
Beginning and end of year 152.6 151.6
Credit to equity for equity-settled share-based payments 2.4 2.5
Transfer to retained earnings on exercise of equity-settled share-based payments (1.3) (1.5)
End of year 153.7 152.6
Treasury reserve
Beginning of year (3.2) (3.4)
Purchase of own shares (2.8) (0.2)
Transferred to Profit and Loss account 0.2 0.4
End of year
Hedging reserve
(5.8) (3.2)
Beginning of year (5.5) (13.2)
Decrease in fair value of interest rate cash flow hedging derivatives (12.7) –
Transfer to income 6.7 7.7
End of year (11.5) (5.5)
Total other
Proft and loss account
235.7 243.2
Beginning of year 191.9 235.1
Transfer from capital reserve on exercise of equity-settled share-based payments 1.3 1.5
Transfer from treasury reserve (0.2) (0.4)
Tax on items recognised directly in equity (0.7) –
Loss for the period (31.5) (22.5)
Equity dividends (17.4) (21.8)
End of year 143.4 191.9
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 being under the Scrip Dividend Scheme: 56,650 shares received on
21 May 2010 and 40,142 shares received on 29 October 2010.
11. Share-based payments
Details of share-based payments are provided within note 22 to the consolidated f nancial statements.
12. Pension and other post-retirement benef ts
The Company operates a defned beneft pension scheme in the United Kingdom, assets are held in a separate trustee-administered fund.
Contributions to the scheme are made and pension cost is assessed using the projected unit method.
Details of the UK Scheme are provided within note 19 to the consolidated f nancial statements.
Company Financial Statements — 133