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Primary statement: Statement of changes in equity
Year ended 31 December 2006
Statement of changes in equity
2006 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | Share capital £m |
Share premium £m |
Retained earnings £m |
Translation reserve £m |
Available for-sale securities reserve £m |
Hedging reserve £m |
Shareholders' equity £m |
Minority interests £m |
Total equity £m |
|
| Reserves | ||||||||||
| Profit for the year | 874 | 874 | 1 | 875 | ||||||
| Items recognised directly in equity: | ||||||||||
| Exchange movements | (224) | (224) | (224) | |||||||
| Movement on cash flow hedges | 7 | 7 | 7 | |||||||
| Unrealised valuation movements on securities classified as available-for-sale: | ||||||||||
| Unrealised holding losses arising during the year | (210) | (210) | (210) | |||||||
| Less losses included in the income statement | 7 | 7 | 7 | |||||||
| (203) | (203) | (203) | ||||||||
| Related change in amortisation of deferred income and acquisition costs | 75 | 75 | 75 | |||||||
| Related tax | (74) | 50 | (2) | (26) | (26) | |||||
| Total items of income and expense recognised directly in equity | (298) | (78) | 5 | (371) | (371) | |||||
| Total income and expense for the year | 874 | (298) | (78) | 5 | 503 | 1 | 504 | |||
| Dividends | B3 | (399) | (399) | (399) | ||||||
| Reserve movements in respect of share-based payments | 15 | 15 | 15 | |||||||
| Change in minority interests arising principally from purchase and sale of venture investment companies and property partnerships of the PAC with-profits fund and of other investments | 43 | 43 | ||||||||
| Acquisition of Egg minority interests | I6 | (167) | (167) | (84) | (251) | |||||
| Share capital and share premium | ||||||||||
| New share capital subscribed | H11 | 3 | 333 | 336 | 336 | |||||
| Transfer to retained earnings in respect of shares issued in lieu of cash dividends | H11 | (75) | 75 | |||||||
| Treasury shares | ||||||||||
| Movement in own shares in respect of share-based payment plans | 6 | 6 | 6 | |||||||
| Movement in Prudential plc shares purchased by unit trusts consolidated under IFRS | 0 | 0 | 0 | |||||||
| Net increase (decrease) in equity | 3 | 258 | 404 | (298) | (78) | 5 | 294 | (40) | 254 | |
| At beginning of year | 119 | 1,564 | 3,236 | 173 | 105 | (3) | 5,194 | 172 | 5,366 | |
| At end of year | 122 | 1,822 | 3,640 | (125) | 27 | 2 | 5,488 | 132 | 5,620 | |
2005 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | Share capital £m |
Share premium £m |
Retained earnings £m |
Translation reserve £m |
Available- for-sale securities reserve £m |
Hedging reserve £m |
Shareholders' equity £m |
Minority interests £m |
Total equity £m |
|
| Reserves | ||||||||||
| Profit for the year | 748 | 748 | 12 | 760 | ||||||
| Items recognised directly in equity: | ||||||||||
| Exchange movements | 268 | 268 | 268 | |||||||
| Movement on cash flow hedges | (4) | (4) | 1 | (3) | ||||||
| Unrealised valuation movements on securities classified as available-for-sale from 1 January 2005: | ||||||||||
| Unrealised holding losses arising during the year | (773) | (773) | (773) | |||||||
| Less losses included in the income statement | 22 | 22 | 22 | |||||||
| (751) | (751) | (751) | ||||||||
| Related change in amortisation of deferred income and acquisition costs | 307 | 307 | 307 | |||||||
| Related tax | 65 | 152 | 1 | 218 | 218 | |||||
| Total items of income and expense recognised directly in equity | 333 | (292) | (3) | 38 | 1 | 39 | ||||
| Total income and expense for the year | 748 | 333 | (292) | (3) | 786 | 13 | 799 | |||
| Cumulative effect of changes in accounting policies on adoption of IAS 32, IAS 39 and IFRS 4, net of applicable taxes at 1 January 2005 | A5 | 2 | (173) | 397 | 226 | (3) | 223 | |||
| Dividends | B3 | (380) | (380) | (380) | ||||||
| Reserve movements in respect of share-based payments | 15 | 15 | (1) | 14 | ||||||
| Change in minority interests arising principally from purchase and sale of venture investment companies and property partnerships of the PAC with-profits fund | 26 | 26 | ||||||||
| Share capital and share premium | ||||||||||
| New share capital subscribed | H11 | 0 | 55 | 55 | 55 | |||||
| Transfer to retained earnings in respect of shares issued in lieu of cash dividends | H11 | (51) | 51 | |||||||
| Treasury shares | ||||||||||
| Movement in own shares in respect of share-based payment plans | 0 | 0 | 0 | |||||||
| Movement in Prudential plc shares purchased by unit trusts consolidated under IFRS | 3 | 3 | 3 | |||||||
| Net increase (decrease) in equity | 6 | 264 | 333 | 106 | (3) | 705 | 35 | 740 | ||
| At beginning of year | A5 | 119 | 1,558 | 2,972 | (160) | 4,489 | 137 | 4,626 | ||
| At end of year | 119 | 1,564 | 3,236 | 173 | 105 | (3) | 5,194 | 172 | 5,366 | |