Consolidated statement of changes in shareholders' equity

for the year ended 31 March 2012

Notes Share
capital
£’000
Share
premium
account
£’000
Hedging and
translation
reserve
£’000
Accumulated
losses
£’000
Total
£’000
As at 1 April 2010 27 51,660 353,231 (6,351) (362,783) 35,757
Profit for the year 22,621 22,621
Decrease in fair value of financial derivative instruments 3,468 3,468
Actuarial gains on defined benefit pension schemes 30 31,504 31,504
Tax on actuarial gains on defined benefit pension schemes 25 (9,333) (9,333)
Tax on movement in cash flow hedges 25 (936) (936)
Total comprehensive income for the year ended 31 March 2011 3,468 43,856 47,324
Tax credit relating to share schemes 25 226 226
Employee share schemes 2,027 2,027
Dividends 11 (12,140) (12,140)
Transactions with owners (9,887) (9,887)
At 31 March 2011 27 51,660 353,231 (2,883) (328,814) 73,194
Profit for the year 37,727 37,727
Increase in fair value of financial derivative instruments 28 (62) (62)
Actuarial losses on defined benefit pension schemes 30 (25,466) (25,466)
Tax on actuarial losses on defined benefit pension schemes 25 5,602 5,602
Tax on movement in cash flow hedges 25 14 14
Total comprehensive income for the year ended 31 March 2012 (62) 17,877 17,815
Tax credit relating to share schemes 25 854 854
Purchase of ordinary shares (420) (420)
Employee share schemes 1,800 1,800
Dividends 11 (19,786) (19,786)
Transactions with owners (17,552) (17,552)
At 31 March 2012 27 51,660 353,231 (2,945) (328,489) 73,457

The notes are an integral part of these consolidated financial statements.