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Overview Business Review Governance Financial statements
ITE Group plc Annual Report and Accounts 2012 105
8 Trade and other creditors
2012
£000
2011
£000
Amounts owed to Group undertakings 7,823 510
Accruals 25 27
Other creditors 155 50
Corporation tax – Group relief (27) 211
7,976 798
The amounts owed to Group undertakings are payable on demand and bear no interest.
9 Called up share capital
2012
£000
2011
£000
Authorised
375,000,000 ordinary shares of 1 penny each (2011: 375,000,000) 3,750 3,750
Allotted, called up and fully-paid
248,863,407 ordinary shares of 1 penny each (2011: 248,568,749) 2,489 2,486
During the year, the Company allotted 294,658 (2011: 256,547) ordinary shares of 1 penny each pursuant to the exercise of
share options. No (2011: nil) ordinary shares were issued in respect of Directors remuneration. The total consideration for
the shares issued was £72,097 (2011: £38,478).
During the year, the Company purchased no shares for the Employee Share Option Trust.
10 Reserves and reconciliation of equity shareholders’ funds
Called up
share capital
£000
Share
premium
account
£000
Merger
reserve
£000
Capital
redemption
reserve
£000
ESOT
reserve
£000
Profit and
loss account
£000
Total
£000
1 October 2010 2,483 2,698 2,746 457 (9,638) 119,124 117,870
Exercise of options – – – – 1,812 (106) 1,706
Net loss for the year – – – – – (2,520) (2,520)
Issue of share capital 3 – – – – – 3
Dividends paid – – – – – (14,105) (14,105)
Share-based payments – 26 – – – 453 479
30 September 2011 2,486 2,724 2,746 457 (7,826) 102,846 103,433
Exercise of options 3 68 – – 2,643 (1,234) 1,480
Net profit for the year – – – – – 21,027 21,027
Dividends paid – – – – – (15,220) (15,220)
Share-based payments – – – – – 1,645 1,645
30 September 2012 2,489 2,792 2,746 457 (5,183) 109,064 112,365