Halma

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Annual Report and Accounts 2012

Consolidated Statement of Changes in Equity

 

Share capital

£000

Share premium account

£000

Treasury shares

£000

Capital redemption reserve

£000

Hedging
and translation reserve

£000

Other reserves

£000

Retained earnings

£000

Total

£000

At 2 April 2011

37,824

21,744

(5,016)

185

34,511

3,634

262,503

355,385

Profit for the period

86,714

86,714

 

 

 

 

 

 

 

 

 

Other comprehensive income and expense:

 

 

 

 

 

 

 

 

Exchange differences on translation of foreign operations

(5,707)

(5,707)

Actuarial losses on defined benefit pension plans

(3,024)

(3,024)

Effective portion of changes in fair value of cash flow hedges

545

545

Tax relating to components of other comprehensive income

(137)

126

(11)

Total other comprehensive income and expense

(5,299)

(2,898)

(8,197)

Share options exercised

32

433

465

Dividends paid

(35,232)

(35,232)

Share-based payments

(2,082)

(2,082)

Deferred tax on share-based payment transactions

(206)

(206)

Excess tax deductions related to share-based payments on exercised options

818

818

Net movement in treasury shares

447

447

At 31 March 2012

37,856

22,177

(4,569)

185

29,212

1,346

311,905

398,112

At 2 April 2010

37,765

20,959

(2,581)

185

39,013

4,178

222,974

322,493

Profit for the period

72,434

72,434

Other comprehensive income and expense:

 

 

 

 

 

 

 

 

Exchange differences on translation of foreign operations

(4,268)

(4,268)

Actuarial gains on defined benefit pension plans

857

857

Effective portion of changes in fair value of cash flow hedges

(311)

(311)

Tax relating to components of other comprehensive income

77

(964)

(887)

Total other comprehensive income and expense

(4,502)

(107)

(4,609)

Share options exercised

59

785

844

Dividends paid

(32,891)

(32,891)

Share-based payments

(764)

(764)

Deferred tax on share-based payment transactions

220

220

Excess tax deductions related to share-based payments on exercised options

93

93

Net movement in treasury shares

(2,435)

(2,435)

At 2 April 2011

37,824

21,744

(5,016)

185

34,511

3,634

262,503

355,385

Treasury shares are ordinary shares in Halma plc purchased by the Company and held to fulfil the Company’s obligations under the performance share plan. At 31 March 2012 the number of treasury shares held was 1,404,269 (2011: 1,847,368) and their market value was £5,344,648 (2011: £6,558,156). The net movement of treasury shares of £447,000 (2011: (£2,435,000)) comprises the purchase of treasury shares of £3,985,000 (2011: £5,358,000) offset by the transfer to Other reserves of £4,432,000 (2011: £2,923,000).

The Hedging and translation reserve is used to record differences arising from the retranslation of the Financial statements of foreign operations and the portion of the cumulative net change in the fair value of cash flow hedging instruments that are deemed to be an effective hedge. Other than a net income of £127,000 (2011: charge of £281,000), all amounts at year end relate to translation movements.

The Capital redemption reserve was created on repurchase and cancellation of the Company’s own shares. The Other reserves represent the provision for the value of the equity-settled share option plans and performance share plan.