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Group Statement of Changes in Equity

For the six months ended 30 June 2012 (unaudited)

As at 30 June 2012

 

Attributable to equity holders of the Company
 

Ordinary share capital
£ million

Share premium account
£ million

Treasury shares
£ million

Capital redemption reserve
£ million

Hedging reserve
£ million

Foreign exchange
reserve
(translation)
£ million

Retained earnings
£ million

Total equity
£ million

Balance at 1 January 2012

49.3

16.2

(48.9)

5.9

(10.2)

72.8

796.2

881.3

Profit for the period

–

–

–

–

–

–

108.3

108.3

Other comprehensive income:

                

Fair value gains on foreign currency cash flow hedge

–

–

–

–

0.9

–

–

0.9

Transfers from hedging reserve to property, plant and equipment

–

–

–

–

(0.2)

–

–

(0.2)

Fair value losses on interest rate swaps

–

–

–

–

(0.4)

–

–

(0.4)

Currency translation differences

–

–

–

–

–

(25.3)

–

(25.3)

Deferred tax on items taken to or transferred from equity

–

–

–

–

(0.3)

–

–

(0.3)

Actuarial gains on retirement benefits (net of tax)

–

–

–

–

–

–

3.3

3.3

Total comprehensive income for the period ended 30 June 2012

–

–

–

–

–

(25.3)

111.6

86.3

Transactions with owners:

                

Purchase of treasury shares (Note (i))

–

–

(11.1)

–

–

–

–

(11.1)

Credit in respect of employee share awards

–

–

–

–

–

–

8.2

8.2

Issue of ordinary shares to employees under share option schemes

–

–

25.7

–

–

–

(25.7)

–

Current tax on items taken to or transferred from equity

–

–

–

–

–

–

15.9

15.9

Deferred tax on items taken to or transferred from equity

–

–

–

–

–

–

(18.3)

(18.3)

Return of capital to shareholders (Note (ii))

–

–

–

–

–

–

(1.6)

(1.6)

Capital redemption reserve (Note (ii))

(0.2)

–

–

0.2

–

–

–

–

New share capital subscribed (Note (iii))

0.2

2.0

–

–

–

–

–

2.2

Dividends paid during the period

–

–

–

–

–

–

(36.2)

(36.2)
 

–

2.0

14.6

0.2

–

–

(57.7)

(40.9)

Balance at 30 June 2012

49.3

18.2

(34.3)

6.1

(10.2)

47.5

850.1

926.7
(i)

During the period 508,162 Ordinary shares of 13549⁄775 pence each were acquired in the open market at a price of £21.64 by the Aggreko Employee Benefit Trust. These shares were acquired using funds provided by Aggreko plc to meet its obligations under the Long-term Incentive Arrangements.

(ii)

2,947,585 B shares were bought back in May 2012 at a price of 55.5 pence per share. As a result of this transaction £0.2 million was transferred from ordinary share capital to capital redemption reserve being 2,947,585 shares at par value 618⁄25 pence.

(iii)

During the period 574,015 Ordinary shares of 13549⁄775 pence each have been issued at prices ranging from £2.82 to £16.90 to satisfy the exercise of options under the Sharesave Schemes by eligible employees. In addition 1,028,222 shares were allotted at par to US participants in the Long-term Incentive Plan.

 

As at 30 June 2011

 

Attributable to equity holders of the Company
 

Ordinary share capital
£ million

Share premium account
£ million

Treasury shares
£ million

Capital redemption reserve
£ million

Hedging reserve
£ million

Foreign exchange
reserve
(translation)
£ million

Retained earnings
£ million

Total equity
£ million

Balance at 1 January 2011

54.9

14.8

(49.6)

0.1

(7.4)

83.7

717.9

814.4

Profit for the period

–

–

–

–

–

–

85.1

85.1

Other comprehensive income:

                

Fair value gains on foreign currency
cash flow hedge

–

–

–

–

1.5

–

–

1.5

Transfers from hedging reserve to

                

property, plant and equipment

–

–

–

–

(1.2)

–

–

(1.2)

Fair value gains on interest rate swaps

–

–

–

–

1.0

–

–

1.0

Currency translation differences

–

–

–

–

–

(14.4)

–

(14.4)

Deferred tax on items taken to or transferred from equity

–

–

–

–

(0.1)

–

–

(0.1)

Actuarial gains on retirement benefits (net of tax)

–

–

–

–

–

–

0.1

0.1

Total comprehensive income for the period ended 30 June 2011

–

–

–

–

1.2

(14.4)

85.2

72.0

Transactions with owners:

                

Credit in respect of employee share awards

–

–

–

–

–

–

10.7

10.7

Issue of ordinary shares to employees under share option schemes

–

–

10.8

–

–

–

(10.8)

–

Current tax on items taken to or transferred from equity

–

–

–

–

–

–

7.8

7.8

Deferred tax on items taken to or transferred from equity

–

–

–

–

–

–

1.6

1.6

New share capital subscribed (Note (i))

0.2

1.0

–

–

–

–

–

1.2

Dividends paid during the period

–

–

–

–

–

–

(33.2)

(33.2)
 

0.2

1.0

10.8

–

–

–

(23.9)

(11.9)

Balance at 30 June 2011

55.1

15.8

(38.8)

0.1

(6.2)

69.3

779.2

874.5
(i)

During the period 275,862 Ordinary shares of 20 pence each have been issued at prices ranging from £1.89 to £14.32 to satisfy the exercise of options under the Sharesave Schemes by eligible employees. In addition 666,562 shares were allotted at par to US participants in the Long-term Incentive Plan.