RBS 2006 Annual Report Download - page 177
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Financial statements
RBS Group • Annual Report and Accounts 2006
176
Notes on the accounts continued
31 Shareholders’ equity Group Company
2006 2005 2004 2006 2005 2004
£m £m £m £m £m £m
Called-up share capital
At 1 January 826 822 769 826 822 769
Implementation of IAS 32 on 1 January 2005 — (2) — —(2) —
Shares issued during the year 2 653 2653
Shares repurchased during the year (13) ——(13) ——
At 31 December 815 826 822 815 826 822
Share premium account
At 1 January 11,777 12,964 8,175 11,777 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 815 1,972 4,550 815 1,972 4,550
Shares repurchased during the year (381) ——(381) ——
Redemption of preference shares classified as debt 271 ——271 ——
Conversion of exchangeable undated loan capital — — 460 —— 460
Other movements — —10 ——10
At 31 December 12,482 11,777 12,964 12,482 11,777 12,964
Merger reserve
At 1 January and 31 December 10,881 10,881 10,881 ———
Available-for-sale reserve
At 1 January (73) —
Implementation of IAS 32 and IAS 39 on 1 January 2005 — 289 ——
Currency translation adjustments (43) 4——
Unrealised gains in the year 2,652 35 ——
Realised gains in the year (313) (582) ——
Taxation (695) 181 ——
At 31 December 1,528 (73) ——
Cash flow hedging reserve
At 1 January 59 (9)
Implementation of IAS 32 and IAS 39 on 1 January 2005 — 67 —(13)
Amount recognised in equity during the year (109) 18 ——
Amount transferred from equity to earnings in the year (140) (85) 36
Taxation 41 59 (1) (2)
At 31 December (149) 59 (7) (9)
Foreign exchange reserve
At 1 January 469 (320) 90 ———
Retranslation of net assets (2,159) 1,588 (830) ———
Foreign currency gains/(losses) on hedges of net assets 818 (799) 420 ———
At 31 December (872) 469 (320) ———
Capital redemption reserve
At 1 January 157 157 157 157 157 157
Shares repurchased during the year 13 ——13 ——
At 31 December 170 157 157 170 157 157