RBS 2011 Annual Report Download - page 312

310 RBS Group 2011
2011 2010 2009
£m £m £m
Called-up share capital
At 1 January 15,125 14,630 9,898
Ordinary shares issued in respect of placing and open offer — — 4,227
Bshares issued —— 510
Ordinary shares issued 193 523 —
Preference shares redeemed — (1) (5)
Cancellation of non-voting deferred shares —(27) —
At 31 December 15,318 15,125 14,630
Paid-in equity
At 1 January 431 565 1,073
Securities redeemed —(132) (308)
Transfer to retained earnings — (2) (200)
At 31 December 431 431 565
Share premium account
At 1 January 23,922 23,523 27,471
Ordinary shares issued in respect of placing and open offer, net of £95 million expenses — — 1,047
Ordinary shares issued 79 281 —
Redemption of preference shares classified as debt — 118 —
Preference shares redeemed — — (4,995)
At 31 December 24,001 23,922 23,523
Merger reserve
At 1 January 13,272 25,522 10,881
Issue of B shares, net of £399 million expenses — — 24,591
Transfer to retained earnings (50) (12,250) (9,950)
At 31 December 13,222 13,272 25,522
Available-for-sale reserve
At 1 January (2,037) (1,755) (3,561)
Unrealised gains 1,769 179 1,202
Realised losses/(gains) (1) 486 (519) 981
Tax (1,175) 74 (377)
Recycled to profit or loss on disposal of businesses (2) —
(16) —
At 31 December (957) (2,037) (1,755)
Cash flow hedging reserve
At 1 January (140) (252) (876)
Amount recognised in equity 2,417 180 380
Amount transferred from equity to earnings (993) (59) 513
Tax (405) (67) (269)
Recycled to profit or loss on disposal of businesses (3) —
58 —
At 31 December 879 (140) (252)
Consolidated statement of changes in equity for the year ended 31 December 2011