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  • Independent auditors' report
  • Consolidated income statement
  • Consolidated statement of recognised income and expense
  • Consolidated balance sheet
  • Consolidated cash flow statement
  • Company balance sheet
  • Company statement of recognised income and expense and cash flow statement
  • Notes to the financial statements
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Notes to the financial statements - 24 Notes to the financial statements - 22

Notes to the financial statements

for the year ended 3 January 2009

23.Reconciliation of changes in equity


  Notes

  Share
capital
€'000
(note 24)
  Other
reserves
€'000
(note 25)
  Retained
earnings
€'000
(note 26)
  Minority
interest
€'000
(note 30)
  Total
€'000
Balance at 30 December 2006     98,304   113,696   (18,116)   6,635   200,519
Actuarial loss - defined benefit schemes 33   -   -   (4,539)   -   (4,539)
Deferred tax on pension loss 32   -   -   1,102   -   1,102
Share of actuarial gain - joint ventures     -   -   230   -   230
Currency translation differences 25   -   (14,878)   -   -   (14,878)
Fair value adjustments 25   -   8,578   -   -   8,578
Net expense recognised directly in equity     -   (6,300)   (3,207)   -   (9,507)
Profit for the year     -   -   59,833   407   60,240
Total recognised (expense)/income for 2007     -   (6,300)   56,626   407   50,733
Change in minority interest in subsidiaries 30   -   -   -   (2)   (2)
Shares issued 24   6   -   -   -   6
Premium on shares issued 24   161   -   -   -   161
Cost of share options 28   -   587   -   -   587
Discount on options 28   74   (74)   -   -   -
Shares purchased 27   (95)   -   -   -   (95)
Dividends paid in 2007     -   -   (17,334)   -   (17,334)
      146   513   (17,334)   (2)   (16,677)
Balance at 29 December 2007     98,450   107,909   21,176   7,040   234,575
Actuarial loss - defined benefit schemes 33   -   -   (68,246)   -   (68,246)
Deferred tax on pension loss 32   -   -   7,084   -   7,084
Share of actuarial loss - joint ventures     -   -   (204)   -   (204)
Currency translation differences 25   -   17,251   -   -   17,251
Fair value adjustments 25   -   (22,930)   -   -   (22,930)
Net expense recognised directly in equity     -   (5,679)   (61,366)   -   (67,045)
Profit for the year     -   -   78,399   970   79,369
Total recognised (expense)/income for 2008     -   (5,679)   17,033   970   12,324
Shares issued 24   13   -   -   -   13
Premium on shares issued 24   347   -   -   -   347
Cost of share options 28   -   827   -   -   827
Discount on options 28   175   (175)   -   -   -
Shares purchased 27   (1,665)   -   -   -   (1,665)
Dividends paid in 2008     -   -   (18,502)   -   (18,502)
      (1,130)   652   (18,502)   -   (18,980)
Balance at 3 January 2009     97,320   102,882   19,707   8,010   227,919
© Glanbia plc 2009