RBS 2005 Annual Report Download - page 182

180
Notes on the accounts
Notes on the accounts continued
31 Reserves Group Company
2005 2004 2005 2004
£m £m £m £m
Share premium account
At 1 January 12,964 8,175 12,964 8,175
Reclassification of preference shares on implementation
of IAS 32 on 1 January 2005 (3,159) —(3,159) —
Currency translation adjustments — (231) —(231)
Shares issued during the year 1,972 4,550 1,972 4,550
Conversion of exchangeable undated loan capital — 460 —460
Other movements — 10 —10
At 31 December 11,777 12,964 11,777 12,964
Merger reserve
At 1 January and 31 December 10,881 10,881 ——
Available-for-sale reserve
Implementation of IAS 32 and IAS 39 on 1 January 2005 289 —
Currency translation adjustments 4 —
Unrealised gains in the year 35 —
Realised gains in the year (582) —
Taxation 181 —
At 31 December (73) —
Cash flow hedging reserve
Implementation of IAS 32 and IAS 39 on 1 January 2005 67 (13)
Unrealised (losses)/gains in the year (67) 6
Taxation 59 (2)
At 31 December 59 (9)
Foreign exchange reserve
At 1 January (320) 90 ——
Retranslation of net assets 1,588 (830) ——
Foreign currency (losses)/gains on hedges of net assets (799) 420 ——
At 31 December 469 (320) ——
Other reserves
At 1 January 150 157 150 157
Own shares held in relation to employee share schemes — (7) —(7)
At 31 December 150 150 150 150
Retained earnings
At 1 January 9,408 7,269 4,675 3,646
Implementation of IAS 32 and IAS 39 on 1 January 2005 (1,078) —81 —
Currency translation adjustments and other movements — (8) —(1)
Profit attributable to ordinary and equity preference shareholders 5,501 5,112 2,074 2,874
Ordinary dividends paid (1,927) (1,588) (1,927) (1,588)
Equity preference dividends paid (109) —(109) —
Preference dividends – non-equity — (256) —(256)
Share-based payments, net of tax 112 15 ——
Actuarial losses recognised in post-retirement benefit schemes, net of tax (561) (1,136) ——
At 31 December 11,346 9,408 4,794 4,675
Reserves at 31 December 34,609 33,083 16,712 17,789