Company statement of changes in equity

Year ended 31 March 2016

 Share
capital
£m
Share
premium
account
£m
Merger
reserve
£m
Share
incentive
reserve
£m
Capital
redemption
reserve
£m
Retained
earnings
£m
Total
equity
£m
Balance at 1 April 2015 8.3 40.5 71.0 13.3 1.2 144.6 278.9
Total comprehensive income - - - - - 111.5 111.5
Dividends paid - - - - - (137.0) (137.0)
Issue of share capital - 0.6 - - - - 0.6
Issue of trust shares - - - - - (9.8) (9.8)
Share-based payments - - - 2.6 - - 2.6
Share options exercised - - - (2.0) - 2.0 -
Tax on exercised share options - - - - - 0.9 0.9
Balance at 31 March 2016 8.3 41.1 71.0 13.9 1.2 112.2 247.7

Year ended 31 March 2015

 Share
capital
£m
Share
premium
account
£m
Merger
reserve
£m
Share
incentive
reserve
£m
Capital
redemption
reserve
£m
Retained
earnings
£m
Total
equity
£m
Balance at 1 April 2014 8.3 38.6 71.0 5.3 1.2 137.1 261.5
Total comprehensive income - - - - - 41.6 41.6
Dividends paid - - - - - (36.9) (36.9)
Issue of share capital - 1.9 - - - - 1.9
Issue of trust shares - - - - - (2.9) (2.9)
Share-based payments - - - 4.2 - - 4.2
Share options exercised - - - (1.5) - 1.5 -
Tax on exercised share options - - - - - 0.4 0.4
Deferred tax on share options - - - - - 0.4 0.4
Capital Contribution repayment - - - 5.3 - 3.4 8.7
Balance at 31 March 2015 8.3 40.5 71.0 13.3 1.2 144.6 278.9