Company statement of changes in equity

Year ended 31 March 2017

 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 2016 8.3 41.1 71.0 13.9 1.2 112.2 247.7
Profit for the year - - - - - 33.4 33.4
Other comprehensive income - - - - - (2.8) (2.8)
Dividends paid - - - - - (40.3) (40.3)
Issue of share capital 0.1 4.6 - - - - 4.7
Share-based payments - - - 6.6 - - 6.6
Share options exercised - - - (4.3) - 0.4 (3.9)
Tax on exercised share options - - - - - 0.9 0.9
Balance at 31 March 2017 8.4 45.7 71.0 16.2 1.2 103.8 246.3

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
Profit for the year - - - - - 111.1 111.1
Other comprehensive income - - - - - 0.4 0.4
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