Annual Report and Financial Statements 2011

ANNUAL REPORT AND FINANCIAL STATEMENTS 2011 | 45

Consolidated Statement of Changes in Equity for the year ended 31 December 2011

Ordinary Share capital £m

Balance at 1 January 2010 (Loss)/profit for the year

Other comprehensive (expense)/income

Total comprehensive (expense)/income

Transactions with owners:

Realised element of merger reserve to offset amortisation of intangible assets

Settlement proceeds received on disposal of own shares

Share capital allotted on placement of shares

Share capital allotted in respect of TRC Commutation arrangements Final 2009 dividend paid

Distributions to non-controlling interests

Balance at 31 December 2010 (Loss)/profit for the year

Other comprehensive (expense)/income

Total comprehensive (expense)/income

Transactions with owners:

Realised element of merger reserve to offset amortisation of intangible assets –– – Purchase of own shares

Share-based payment charges credited to equity

Tax credit associated with purchase of non-controlling interests in F&C Partners LLP

Final 2010 dividend paid

Distributions to non-controlling interests

Balance at 31 December 2011 (23.6) –– –

–– –––– – –– –––– –

Consideration for non-controlling interests in F&C Partners LLP –– –––– –

–– –––– – –– –––– –

Interim 2011 dividend paid –– –––– – 0.5 0.8 359.7 42.1 1.1 (66.0)

23.6 –– (3.2)

17.3 (10.7) 2.9

(10.4) (5.2)

154.3

– – –

– – –

–– –––– –– (7.1) 51.8

12.5 –– – (33.3) –– –

Transfer of investment in own shares into equity on acquisition of TRC –– –––– – Purchase of own shares

–– –––– – –– –––– –

Share-based payment charges credited to equity –– –––– –

– –

33.3 –– (0.8)

(9.7) 1.1

19.5

– –

– –

0.5 Share Capital

premium redemption account £m

33.8

reserve £m

0.8

Merger reserve £m

416.6

Foreign currency

reserve £m

reserve £m

earnings £m

Non-

translation Fair value Acquisition Retained controlling reserve £m

interests £m

50.1 1.4 1.0 (66.0)

–– –––– – –– –– (6.0)

– –– –– (6.0) 1.0 –

132.5 (16.6)

7.2 (9.4)

19.2 3.2

– 3.2 Total

equity £m

588.9 (13.4)

2.2 (11.2)

(0.8) (9.7)

1.1

14.2 –– –––– – 3.8 –– ––– (3.8) ––

–– –––– – Interim 2010 dividend paid –– –––– – 0.5 0.8 383.3 44.1 2.4 (66.0) –

(19.4) (5.1)

–– –––– – –– –– (2.0)

(1.3) –– –– (2.0) (1.3) –

138.2 (0.5)

2.3 1.8

– –

–– –––– –– (5.9) 51.8

16.5 3.1

– 3.1

19.5 14.2

(19.4) (5.1)

(5.9)

571.6 2.6

(1.0) 1.6

(3.2) 17.3

(10.7) 2.9

(10.4) (5.2)

(7.1) 556.8

The total of foreign currency translation reserve, fair value reserve and acquisition reserve constitutes ‘Other reserves’ as disclosed in the Consolidated Statement of Financial Position and amounts to a debit of £22.8m at 31 December 2011 (31 December 2010: £19.5m debit).

Cumulative defined benefit pension scheme actuarial losses (as disclosed in note 25(d)) recognised as at 31 December 2011 are £31.0m which are included in retained earnings (31 December 2010: £34.3m).

The share premium recognised during 2010 is stated net of £0.4m of transaction expenses associated with the related share placing. The accompanying notes to the Consolidated Financial Statements form an integral part of these financial statements.

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