Annual Report for the year ended 31 December 2008

14. moVement in sHaReHoldeRs’ eQUitY
notes to tHe FinanCial statements CONTINuED
FOR THE YEAR ENDED 31 DECEMBER 2008
92 The evoluTion Group plc AnnuAl reporT & AccounTs 2008
Capital Available-for-sale
Share Share redemption Merger and other Retained Total
capital premium reserve reserve reserves earnings equity
2008 2008 2008 2008 2008 2008 2008
£'000 £'000 £'000 £'000 £'000 £'000 £'000
BALANCE AT 1 JANuARY 2,232 28,795 373 51,230 24,974 26,479 134,083
profit for the year – – – – – 2,167 2,167
proceeds from issuance of ordinary shares 13 967 – – – – 980
Transfer of merger reserve to retained earnings – – – (21,898) – 21,898 –
purchase of Trust shares – – – – – (1,607) (1,607)
share option: value of services provided – – – – – 761 761
revaluation of available-for-sale financial assets – – – – 995 – 995
Deferred tax credit on employee options – – – – – (673) (673)
Dividends paid – – – – – (4,262) (4,262)
issue of equity instruments to employees of subsidiaries – – – – 10,706 – 10,706
schedule 23 deduction on options exercised – – – – – 97 97
recharge of option costs to subsidiaries – – – – (27,060) 27,060 –
BALANCE AT 31 DECEMBER 2,245 29,762 373 29,332 9,615 71,920 143,247
Capital Available-for-sale
Share Share redemption Merger and other Retained Total
capital premium reserve reserve reserves earnings equity
2007 2007 2007 2007 2007 2007 2007
£'000 £'000 £'000 £'000 £'000 £'000 £'000
BALANCE AT 1 JANuARY 2,214 28,445 373 51,230 14,178 38,284 134,724
profit for the year – – – – – 762 762
proceeds from issuance of ordinary shares 18 350 – – – – 368
purchase of Trust shares – – – – – (9,620) (9,620)
share option: value of services provided – – – – – 744 744
revaluation of available-for-sale financial assets – – – – 492 – 492
Deferred tax credit on employee options – – – – – (210) (210)
Dividends paid – – – – – (3,496) (3,496)
issue of equity instruments to employees of subsidiaries – – – – 10,503 – 10,503
schedule 23 deduction on options exercised – – – – – 15 15
Fair value reserve transferred to income statement
on disposal – – – – (199) – (199)
BALANCE AT 31 DECEMBER 2,232 28,795 373 51,230 24,974 26,479 134,083
15. CaPital Commitments and GUaRantees
The company had no capital commitments or guarantees at 31 December 2008 (2007: nil).
16. lease Commitments
The leases on the company’s main premises are in the name of evolution Group services limited, another Group company, details of which can be seen
in the accounts of that company. evolution Group services limited recharges the company for usage of these premises.