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RBS 2012 Annual Report Download - page 359

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RBS GROUP 2012

357

2012 2011 2010

£m £m £m

Foreign exchange reserve

At 1 January 4,775 5,138 4,528

Retranslation of net assets (1,056) (382) 997

Foreign currency gains/(losses) on hedges of net assets 177 (10)(458)

Tax 17 23 63

Transfer to retained earnings (2)— —

Recycled to profit or loss on disposal of businesses (3) 6 8

At 31 December 3,908 4,775 5,138

Capital redemption reserve

At 1 January 198 198 170

Share capital sub-division and consolidation 8,933 — —

Preference shares redeemed — — 1

Cancellation of non-voting deferred shares — — 27

At 31 December 9,131 198 198

Contingent capital reserve

At 1 January and 31 December (1,208) (1,208) (1,208)

Retained earnings

At 1 January 18,929 21,239 12,134

Transfer to non-controlling interests (361)— —

(Loss)/profit attributable to ordinary and B shareholders and other equity owners

- continuing operations (5,623) (2,303) (797)

- discontinued operations (60)306 (204)

Equity preference dividends paid (273) — (105)

Paid-in equity dividends paid, net of tax (15) — (19)

Transfer from available-for-sale reserve 59 — —

Transfer from foreign exchange reserve 2 — —

Transfer from merger reserve — 50 12,250

Transfer from paid-in equity

- gross — — 2

- tax — — (1)

Equity owners gain on withdrawal of non-controlling interest

- gross — — 40

- tax — — (11)

Redemption of equity preference shares — — (2,968)

Gain on redemption of equity preference shares — — 609

Redemption of preference shares classified as debt — — (118)

Actuarial (losses)/gains recognised in retirement benefit schemes

- gross (2,270)(581)158

- tax 380 86 (71)

Loss on disposal of own shares held (196) — —

Purchase of non-controlling interest — — (38)

Shares issued under employee share schemes (87) (58) (13)

Share-based payments

- gross 117 200 385

- tax (6) (10)6

At 31 December 10,596 18,929 21,239

Own shares held

At 1 January (769) (808) (121)

Disposal/(purchase) of own shares 441 20 (700)

Shares issued under employee share schemes 115 19 13

At 31 December (213) (769) (808)

Owners’ equity at 31 December 68,130 74,819 75,132