RBS 2007 Annual Report Download - page 182
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27 Owners’ equity
Group Company
2007 2006 2005 2007 2006 2005
£m £m £m £m £m £m
Called-up share capital
At 1 January 815 826 822 815 826 822
Implementation of IAS 32 on 1 January 2005 — — (2) —— (2)
Bonus issue of ordinary shares 1,576 ——1,576 ——
Shares issued during the year 139 26139 26
Shares repurchased during the year — (13) — —(13) —
At 31 December 2,530 815 826 2,530 815 826
Paid-in equity
Securities issued during the year 1,073 ——1,073 ——
At 31 December 1,073 ——1,073 ——
Share premium account
At 1 January 12,482 11,777 12,964 12,482 11,777 12,964
Reclassification of preference shares on implementation
of IAS 32 on 1 January 2005 — — (3,159) —— (3,159)
Bonus issue of ordinary shares (1,576) ——(1,576) ——
Shares issued during the year 6,257 815 1,972 6,257 815 1,972
Shares repurchased during the year — (381) — —(381) —
Redemption of preference shares classified as debt 159 271 — 159 271 —
At 31 December 17,322 12,482 11,777 17,322 12,482 11,777
Merger reserve
At 1 January and 31 December 10,881 10,881 10,881 ———
Available-for-sale reserve
At 1 January 1,528 (73) ———
Implementation of IAS 32 and IAS 39 on 1 January 2005 — — 289 ———
Unrealised (losses)/gains in the year (191) 2,609 39 ———
Realised gains in the year (513) (313) (582) ———
Taxation 208 (695) 181 ———
At 31 December 1,032 1,528 (73) ———
Cash flow hedging reserve
At 1 January (149) 59 (7) (9)
Implementation of IAS 32 and IAS 39 on 1 January 2005 — —67—— (13)
Amount recognised in equity during the year (460) (109) 18 ———
Amount transferred from equity to earnings in the year (1) (138) (140) (85) 336
Taxation 192 41 59 (1) (1) (2)
At 31 December (555) (149) 59 (5) (7) (9)
Foreign exchange reserve
At 1 January (872) 469 (320) ———
Retranslation of net assets 1,339 (2,159) 1,588 ———
Foreign currency (losses)/gains on hedges of net assets (963) 818 (799) ———
Taxation 70 —————
At 31 December (426) (872) 469 ———
Capital redemption reserve
At 1 January 170 157 157 170 157 157
Shares repurchased during the year — 13 — —13 —
At 31 December 170 170 157 170 170 157
Note:
(1) Of the amount transferred to earnings, £138 million (2006 – £140 million; 2005 – £85 million) was recorded in net interest income and nil (2006 and 2005 – nil) in other operating
income.
Financial statements
RBS Group • Annual Report and Accounts 2007
180
Notes on the accounts continued