RBS 2011 Annual Report Download - page 313

RBS Group 2011 311
2011 2010 2009
£m £m £m
Foreign exchange reserve
At 1 January 5,138 4,528 6,385
Retranslation of net assets (382) 997 (2,322)
Foreign currency (losses)/gains on hedges of net assets (10) (458) 456
Tax 23 63 9
Recycled to profit or loss on disposal of businesses 6 8 —
At 31 December 4,775 5,138 4,528
Capital redemption reserve
At 1 January 198 170 170
Preference shares redeemed — 1 —
Cancellation of non-voting deferred shares —27 —
At 31 December 198 198 170
Contingent capital reserve
At 1 January (1,208) (1,208) —
Contingent capital agreement - consideration payable — — (1,208)
At 31 December (1,208) (1,208) (1,208)
Retained earnings
At 1 January 21,239 12,134 7,542
(Loss)/profit attributable to ordinary and B shareholders and other equity owners
-continuing operations (2,002) (973) (2,600)
- discontinued operations 5(28) (72)
Equity preference dividends paid —(105) (878)
Paid-in equity dividends paid, net of tax —(19) (57)
Transfer from paid-in equity
- gross —2 200
- tax —(1) —
Equity owners gain on withdrawal of non-controlling interest
-gross —40 629
- tax —(11) (176)
Redemption of equity preference shares —(2,968) —
Gain on redemption of equity preference shares — 609 —
Redemption of preference shares classified as debt — (118) —
Transfer from merger reserve 50 12,250 9,950
Actuarial (losses)/gains recognised in retirement benefit schemes
-gross (581) 158 (3,756)
- tax 86 (71) 1,043
Purchase of non-controlling interest —(38) —
Shares issued under employee share schemes (58) (13) (16)
Share-based payments
-gross 200 385 325
- tax (10) 6 —
At 31 December 18,929 21,239 12,134
Own shares held
At 1 January (808) (121) (104)
Disposal/(purchase) of own shares 20 (700) (33)
Shares issued under employee share schemes 19 13 16
At 31 December (769) (808) (121)
Owners’ equity at 31 December 74,819 75,132 77,736