RECONCILIATION OF MOVEMENT ON SHAREHOLDERS’ FUNDS

for the year ended 25 March 2009

  Note Called up
Share Capital
€’000
Share
Premium
€’000
Profit and
Loss Account
€’000
Revaluation
Reserve
€’000
Share-
holders’
Funds
€’000
             
The GROUP            
             
Profit for the financial year ended 26 March 2008   0 0 16,680 0 16,680
Dividend paid 3 0 0 (8,035) 0 (8,035)
             
Profit retained for the financial year ended 26 March 2008   0 0 8,645 0 8,645
Actuarial loss recognised on pension schemes 26 0 0 (5,391) 0 (5,391)
Deferred tax related to actuarial loss 17(e) 0 0 696 0 696
Unrealised deficit on revaluation of investment property during the year 9 0 0 0 (6,500) (6,500)
Deferred tax on unrealised deficit on revaluation of investment property during the year 17(e) 0 0 0 1,287 1,287
Exchange adjustments on foreign subsidiaries   0 0 (17) 0 (17)
             
Net increase/(decrease) in shareholders’ funds   0 0 3,933 (5,213) (1,280)
Shareholders’ funds at 28 March 2007   78,663 0 133,541 23,276 235,480
             
Shareholders’ funds at 26 March 2008   78,663 0 137,474 18,063 234,200
             
Profit for the financial year ended 25 March 2009   0 0 15,930 0 15,930
Dividend paid 3 0 0 (12,894) 0 (12,894)
             
Profit retained for the financial year ended 25 March 2009   0 0 3,036 0 3,036
Actuarial loss recognised on pension schemes 26 0 0 (41,181) 0 (41,181)
Deferred tax related to actuarial loss 17(e) 0 0 5,140 0 5,140
Unrealised deficit on revaluation of investment property during the year 9 0 0 0 (9,500) (9,500)
Deferred tax on unrealised deficit on revaluation of investment property during the year 17(e) 0 0 0 1,000 1,000
Shares issued during the year 18 4,141 1,959 0 0 6,100
Exchange adjustments on foreign subsidiaries   0 0 (237) 0 (237)
             
Net increase/(decrease) in shareholders’ funds   4,141 1,959 (33,242) (8,500) (35,642)
Shareholders’ funds at 26 March 2008   78,663 0 137,474 18,063 234,200
             
Shareholders’ funds at 25 March 2009   82,804 1,959 104,232 9,563 198,558

 

 

The COMPANY            
             
Loss for the financial year ended 26 March 2008   0 0 (7,378) 0 (7,378)
Dividend paid 3 0 0 (8,035) 0 (8,035)
             
Loss retained for the financial year ended 26 March 2008   0 0 (15,413) 0 (15,413)
Shareholders’ funds at 28 March 2007   78,663 0 54,153 0 132,816
             
Shareholders’ funds at 26 March 2008   78,663 0 38,740 0 117,403
             
Loss for the financial year ended 25 March 2009   0 0 (11,885) 0 (11,885)
Dividend received   0 0 40,000 0 40,000
Dividend paid 3 0 0 (12,894) 0 (12,894)
             
Profit retained for the financial year ended 25 March 2009   0 0 15,221 0 15,221
Shares issued during the year 18 4,141 1,959 0 0 6,100
             
Net addition to shareholders’ funds   4,141 1,959 15,221 0 21,321
Shareholders’ funds at 26 March 2008   78,663 0 38,740 0 117,403
             
Shareholders’ funds at 25 March 2009   82,804 1,959 53,961 0 138,724

 

In accordance with section 148(8) of the Companies Act, 1963 and section 7(1A) of the Companies (Amendment) Act, 1986, the Company is availing of the exemption from presenting its individual profit and loss account to the annual general meeting and from filing it with the Registrar of Companies. The Company’s result for the financial year, determined in accordance with Irish GAAP, is a trading loss of €11,885,000 (2008: loss of €7,378,000) and a retained profit of €15,221,000 (2008: loss of €15,413,000) after receipt of intercompany dividends of €40,000,000 (2008: €Nil).

 

 

On behalf of the Board:

 

Fergus McArdle Gabriel D’Arcy
Chairman Managing Director