ANNUAL REPORT 2012

Reconciliation of Movement on Shareholders’ Funds

for the year ended 28 March 2012

Note Called up
Share Capital
€’000
Share
Premium
€’000
Profit and
Loss Account
€’000
Revaluation
Reserve
€’000
Shareholders’
Funds
€’000
 
The GROUP
Profit for the financial year ended 30 March 2011 0 0 13,127 0 13,127
Dividend paid 3 0 0 (3,469) 0 (3,469)
Profit retained for the financial year ended 30 March 2011 0 0 9,658 0 9,658
Actuarial loss recognised on pension schemes 25 0 0 (855) 0 (855)
Deferred tax related to actuarial loss 17(e) 0 0 123 0 123
Revaluation of investment property 9 0 0 0 (1,700) (1,700)
Exchange adjustments on foreign subsidiaries 0 0 (244) 0 (244)
Net increase/(decrease) in shareholders’ funds 0 0 8,682 (1,700) 6,982
Shareholders’ funds at 31 March 2010 82,804 1,959 135,482 4,163 224,408
Shareholders’ funds at 30 March 2011 82,804 1,959 144,164 2,463 231,390
 
Loss for the financial year ended 28 March 2012 0 0 (15,975) 0 (15,975)
Dividend paid 3 0 0 (4,332) 0 (4,332)
Loss retained for the financial year ended 28 March 2012 0 0 (20,307) 0 (20,307)
Actuarial loss recognised on pension schemes 25 0 0 (31,379) 0 (31,379)
Deferred tax related to actuarial loss 17(e) 0 0 3,864 0 3,864
Revaluation of investment property 9 0 0 0 (2,463) (2,463)
Exchange adjustments on foreign subsidiaries 0 0 216 0 216
Net decrease in shareholders’ funds 0 0 (47,606) (2,463) (50,069)
Shareholders’ funds at 30 March 2011 82,804 1,959 144,164 2,463 231,390
Shareholders’ funds at 28 March 2012 82,804 1,959 96,558 0 181,321
 
The COMPANY
 
Loss for the financial year ended 30 March 2011 0 0 (27,352) 0 (27,352)
Dividend paid 3 0 0 (3,469) 0 (3,469)
Net reduction in shareholders’ funds 0 0 (30,821) 0 (30,821)
Shareholders’ funds at 31 March 2010 82,804 1,959 39,160 0 123,923
Shareholders’ funds at 30 March 2011 82,804 1,959 8,339 0 93,102
 
Loss for the financial year ended 28 March 2012 0 0 (36,922) 0 (36,922)
Dividend received 85,000 85,000
Dividend paid 3 0 0 (4,332) 0 (4,332)
Net increase in shareholders’ funds 0 0 43,746 0 43,746
Shareholders’ funds at 30 March 2011 82,804 1,959 8,339 0 93,102
Shareholders’ funds at 28 March 2012 82,804 1,959 52,085 0 136,848

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 €36,922,000 (2011: loss of €27,352,000) and a retained profit of €43,746,000 (2011: retained loss of €30,821,000).




On behalf of the Board:

Fergus McArdle
Chairman
Gabriel D’Arcy
Managing Director