DairyCrest

Parent Company statement of changes in equity

Year ended 31 March 2014

2014

Ordinary

shares

£m

Share

premium

£m

Capital

reserve

£m

Hedging

reserve

£m

Other

reserve*

£m

Retained

earnings

£m

Total

£m

At 31 March 2013

34.1

77.5

142.7

(1.1)

12.8

52.2

318.2

Profit for the year

–

–

–

–

–

24.7

24.7

Other comprehensive gain/(loss):

Cash flow hedges

–

–

–

0.7

–

–

0.7

Tax on components of other comprehensive income

–

–

–

(0.2)

–

–

(0.2)

Other comprehensive gain

–

–

–

0.5

–

–

0.5

Total comprehensive gain

–

–

–

0.5

–

24.7

25.2

Issue of share capital

0.1

0.1

–

–

–

–

0.2

Share based payments

–

–

–

–

1.2

0.3

1.5

Equity dividends

–

–

–

–

–

(28.5)

(28.5)

At 31 March 2014

34.2

77.6

142.7

(0.6)

14.0

48.7

316.6

2013

At 31 March 2012

33.3

70.9

142.7

(1.9)

11.4

34.7

291.1

Profit for the year

–

–

–

–

–

44.4

44.4

Other comprehensive gain/(loss):

Cash flow hedges

–

–

–

1.2

–

–

1.2

Tax on components of other comprehensive income

–

–

–

(0.4)

–

–

(0.4)

Other comprehensive gain

–

–

–

0.8

–

–

0.8

Total comprehensive gain

–

–

–

0.8

–

44.4

45.2

Issue of share capital

0.8

6.6

–

–

–

–

7.4

Share based payments

–

–

–

–

1.4

0.5

1.9

Equity dividends

–

–

–

–

–

(27.4)

(27.4)

At 31 March 2013

34.1

77.5

142.7

(1.1)

12.8

52.2

318.2

* Other reserve represents the share based payment credit in respect of amounts capitalised as investments (see Note 13).