DairyCrest

Consolidated statement of changes in equity

Year ended 31 March 2014

Attributable to owners of the parent

2014

Ordinary

shares

£m

Share

premium

£m

Interest

in ESOP

£m

Other

reserves*

£m

Retained

earnings

£m

Total

Equity

£m

At 31 March 2013

34.1

77.5

(0.6)

51.4

145.0

307.4

Profit for the year

–

–

–

–

50.2

50.2

Other comprehensive gain/(loss):

Cash flow hedges

–

–

–

1.2

–

1.2

Remeasurement of defined benefit pension

plan

–

–

–

–

(49.6)

(49.6)

Tax on components of other

comprehensive income

–

–

–

(0.3)

8.7

8.4

Other comprehensive gain/(loss)

–

–

–

0.9

(40.9)

(40.0)

Total comprehensive gain

–

–

–

0.9

9.3

10.2

Issue of share capital

0.1

0.1

–

–

–

0.2

Shares acquired by ESOP

–

–

(1.1)

–

–

(1.1)

Exercise of options

–

–

1.1

–

(1.4)

(0.3)

Share based payments

–

–

–

–

1.5

1.5

Equity dividends

–

–

–

–

(28.5)

(28.5)

At 31 March 2014

34.2

77.6

(0.6)

52.3

125.9

289.4

2013 – Restated

At 31 March 2012

33.3

70.9

(0.6)

49.0

121.7

274.3

Profit for the year

–

–

–

–

46.6

46.6

Other comprehensive gain/(loss):

Net investment hedges

–

–

–

(9.3)

–

(9.3)

Exchange differences reclassified to income

statement on sale of subsidiary

–

–

–

11.4

–

11.4

Cash flow hedges

–

–

–

0.5

–

0.5

Remeasurement of defined benefit pension

plan

–

–

–

–

(3.2)

(3.2)

Tax on components of other

comprehensive income

–

–

–

(0.2)

5.4

5.2

Other comprehensive gain

–

–

–

2.4

2.2

4.6

Total comprehensive gain

–

–

–

2.4

48.8

51.2

Issue of share capital

0.8

6.6

–

–

–

7.4

Share based payments

–

–

–

–

1.9

1.9

Equity dividends

–

–

–

–

(27.4)

(27.4)

At 31 March 2013

34.1

77.5

(0.6)

51.4

145.0

307.4

* Further details are provided in Note 25.