REG - Compass Group PLC - Final Results <Origin Href="QuoteRef">CPG.L</Origin> - Part 3

CompassAnnouncement

26/11/2014 07:11

- Part 3: For the preceding part double click  ID:nRSZ9967Xb 

                                                       
 Currency translation differences                                                                                                                                                                                                                                                                                                                                                                                                                                                  -            -        -            (103)        (103)          
 Tax on items relating to the components of other comprehensive income (note 6)                                                                                                                                                                                                                                                                                                                                                                                                    -            -        -            (3)          (3)            
 Total other comprehensive income                                                                                                                                                                                                                                                                                                                                                                                                                                                  -            -        -            (106)        (106)          
 Total comprehensive income for the year                                                                                                                                                                                                                                                                                                                                                                                                                                           -            -        -            (106)        (106)          
 Fair value of share-based payments                                                                                                                                                                                                                                                                                                                                                                                                                                                13           -        -            -            13             
 Release of LTIP award settled by issue of new shares                                                                                                                                                                                                                                                                                                                                                                                                                              (5)          -        -            -            (5)            
 Other changes                                                                                                                                                                                                                                                                                                                                                                                                                                                                     -            -        -            1            1              
 At 30 September 2014                                                                                                                                                                                                                                                                                                                                                                                                                                                              170          4,170    7            (70)         4,277          
 Own shares held by the Group represent 54,941 new ordinary shares in Compass Group PLC (2013: 161,622 ordinary shares). 38,743 shares are held by the Compass Group Employee Share Trust ('ESOP') and 16,198 shares by the Compass Group Long Term Incentive Plan Trust ('LTIPT'). These shares are listed on a recognised stock exchange and their market value at 30 September 2014 was £0.5 million (2013: £1.4 million). The nominal value held at 30 September 2014 was  
 £5,837 (2013: £16,162).                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 
ESOP and LTIPT are discretionary trusts for the benefit of employees and the shares held are used to satisfy some of the Group's liabilities to employees for share options, share bonus and long-term incentive plans. All of the shares held by the ESOP and LTIPT are required to be made available in this way.                                                                                                                                                          
 The merger reserve arose in 2000 following the demerger from Granada Compass plc.                                                                                                                                                                                                                                                                                                                                                                                             
 
 
 Consolidated statement of changes in equity                                                                                                              
 for the year ended 30 September 2014                                                                                                                                                                                                
                                                                                             Attributable to equity shareholders of the Company                       
                                                                                                                                                 Share    Capital                                          Non-                      
                                                                                             Share                                               premium  redemption  Own          Other     Retained      controlling               
                                                                                             capital                                             account  reserve     shares       reserves  earnings (1)  interests    Total        
 £m                                                                                          £m                                                  £m       £m          £m           £m        £m            £m           
 At 1 October 2012 as previously reported                                                    186                                                 386      49          (1)          4,445     (1,834)       10           3,241        
 Past service cost recognised in accordance with IAS 19 (R)                                  -                                                   -        -           -            -         (1)           -            (1)          
 At 1 October 2012 as restated                                                               186                                                 386      49          (1)          4,445     (1,835)       10           3,240        
 Profit for the year                                                                         -                                                   -        -           -            -         429           8            437          
 Other comprehensive income                                                                                                                                                                                                          
 Currency translation differences                                                            -                                                   -        -           -            (80)      -             -            (80)         
 Remeasurement of post employment benefit obligations - gain/(loss)                          -                                                   -        -           -            -         (80)          -            (80)         
 Return on plan assets, excluding interest income - gain/(loss)                              -                                                   -        -           -            -         119           -            119          
 Tax on items relating to the components of other comprehensive income                       -                                                   -        -           -            2         (11)          -            (9)          
 Total other comprehensive income                                                            -                                                   -        -           -            (78)      28            -            (50)         
 Total comprehensive income for the year                                                     -                                                   -        -           -            (78)      457           8            387          
 Issue of shares (for cash)                                                                  -                                                   9        -           -            -         -             -            9            
 Fair value of share-based payments                                                          -                                                   -        -           -            11        -             -            11           
 Tax on items taken directly to equity (note 6)                                              -                                                   -        -           -            -         6             -            6            
 Share buy back (2)                                                                          (6)                                                 -        6           -            -         (446)         -            (446)        
 Release of LTIP award settled by issue of new shares                                        -                                                   5        -           -            (5)       -             -            -            
 Other changes                                                                               -                                                   -        -           -            1         (5)           (3)          (7)          
                                                                                             180                                                 400      55          (1)          4,374     (1,823)       15           3,200        
 Dividends paid to Compass shareholders (note 9)                                             -                                                   -        -           -            -         (404)         -            (404)        
 Dividends paid to non-controlling interests                                                 -                                                   -        -           -            -         -             (6)          (6)          
 At 30 September 2013                                                                        180                                                 400      55          (1)          4,374     (2,227)       9            2,790        
 (1) 2013 has been restated for past service cost recognised in accordance with IAS 19 (R).  
 (2) Including stamp duty and brokers' commission.                                           
                                                                                                                                                                      Share-based                                                      
                                                                                                                                                                      payment      Merger    Revaluation   Translation  Total other    
 Other reserves                                                                                                                                                       reserve      reserve   reserve       reserve      reserves       
                                                                                                                                                          £m          £m           £m        £m            £m                        
 At 1 October 2012                                                                                                                                                    156          4,170     7             112          4,445          
 Other comprehensive income                                                                                                                                                                                                            
 Currency translation differences                                                                                                                                     -            -         -             (80)         (80)           
 Tax on items relating to the components of other comprehensive income                                                                                                -            -         -             2            2              
 Total other comprehensive income                                                                                                                                     -            -         -             (78)         (78)           
 Total comprehensive income for the year                                                                                                                              -            -         -             (78)         (78)           
 Fair value of share-based payments                                                                                                                                   11           -         -             -            11             
 Release of LTIP award settled by issue of new shares                                                                                                                 (5)          -         -             -            (5)            
 Other changes                                                                                                                                                        -            -         -             1            1              
 At 30 September 2013                                                                                                                                                 162          4,170     7             35           4,374          
                                                                                                                                                                                                                                                 
 
 
 Consolidated balance sheet                                                                                                    
 as at 30 September 2014                                                                                                       
                                                                                            Notes  2014     2013 Restated (1)  
 £m                                                                                         £m     
 Non-current assets                                                                                                            
 Goodwill                                                                                   10     3,565    3,620              
 Other intangible assets                                                                    11     1,010    886                
 Property, plant and equipment                                                              12     729      714                
 Interests in associates                                                                    13     114      84                 
 Other investments                                                                          14     36       41                 
 Trade and other receivables                                                                16     67       83                 
 Deferred tax assets*                                                                       6      246      265                
 Derivative financial instruments**                                                         20     50       63                 
 Non-current assets                                                                                5,817    5,756              
 Current assets                                                                                                                
 Inventories                                                                                17     270      255                
 Trade and other receivables                                                                16     2,128    2,072              
 Tax recoverable*                                                                                  32       32                 
 Cash and cash equivalents**                                                                18     431      1,006              
 Derivative financial instruments**                                                         20     16       7                  
 Current assets