BOC Report and accounts 2005 - Alle jaarverslagen
BOC Report and accounts 2005 - Alle jaarverslagen
BOC Report and accounts 2005 - Alle jaarverslagen
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Total recognised gains <strong>and</strong> losses<br />
Years ended 30 September<br />
89<br />
<strong>2005</strong> 2004 2003<br />
Notes £ million £ million £ million<br />
Parent 1 24(b) 298.4 11.4 218.6<br />
Subsidiary undertakings 57.4 269.8 (0.4)<br />
Joint ventures 6.8 (13.1) (0.2)<br />
Associates 4.4 (4.1) 1.1<br />
Profit for the financial year 367.0 264.0 219.1<br />
Actuarial loss recognised on the pension schemes (12.4) (2.2) (17.5)<br />
Movement on deferred tax relating to actuarial loss on pensions (6.7) (8.1) 2.0<br />
Movement on current tax relating to actuarial loss on pensions 8.4 3.2 –<br />
Unrealised profit on disposal of a subsidiary – – 8.2<br />
Exchange translation effect on:<br />
– results for the year of subsidiaries 7.6 0.2 8.0<br />
– results for the year of joint ventures 1.4 (0.7) 0.2<br />
– results for the year of associates 0.4 (0.1) (0.2)<br />
– foreign currency net investments in subsidiaries 64.7 (76.1) 15.3<br />
– foreign currency net investments in joint ventures 6.0 (21.5) 9.6<br />
– foreign currency net investments in associates 0.7 (2.8) (1.4)<br />
Total recognised gains <strong>and</strong> losses for the financial year 24(a) 437.1 155.9 243.3<br />
1. In accordance with the concession granted under the Companies Act 1985, the profit <strong>and</strong> loss account of The <strong>BOC</strong> Group plc has not been presented separately in these financial statements.<br />
2. There were no material differences between reported profits <strong>and</strong> losses <strong>and</strong> historical cost profits <strong>and</strong> losses on ordinary activities before tax for <strong>2005</strong>, 2004 <strong>and</strong> 2003.<br />
3. Profit attributable to the parent company includes dividends received from subsidiaries, joint ventures <strong>and</strong> associates, often through intermediate holding companies.These dividends may include<br />
the distribution of earnings of previous periods.As a result, the relationship of profit between parent, subsidiaries, joint ventures <strong>and</strong> associates may show fluctuations from year to year.<br />
4. Excluding the amounts recognised above, a current tax charge of £(5.8) million (2004: £6.7 million credit, 2003: £9.7 million credit) has been recognised directly in the Group reserves.<br />
Movement in shareholders’ funds<br />
Years ended 30 September<br />
<strong>2005</strong> 2004 2003<br />
£ million £ million £ million<br />
Profit for the financial year 367.0 264.0 219.1<br />
Dividends (204.1) (197.3) (192.1)<br />
162.9 66.7 27.0<br />
Other recognised gains <strong>and</strong> losses 70.1 (108.1) 24.2<br />
Reversal of goodwill in total recognised gains <strong>and</strong> losses on disposal of subsidiaries 1.0 15.3 (4.2)<br />
Shares issued 32.6 8.7 3.7<br />
Consideration paid for the purchase of own shares held in an ESOP trust (8.2) – (7.5)<br />
Consideration received for the sale of own shares held in an ESOP trust 4.0 2.5 1.2<br />
Credit in respect of employee share schemes 4.3 3.5 0.7<br />
Net increase/(decrease) in shareholders’ funds for the financial year 266.7 (11.4) 45.1<br />
Shareholders’ funds at 1 October 1,675.3 1,686.7 1,641.6<br />
Shareholders’ funds at 30 September 1,942.0 1,675.3 1,686.7
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