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Annual Report & Accounts 2007
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9 Capital and reserves Reconciliation of movement in capital and reserves Attributable to equity holders of the parent In thousands of euro Note Share capital Share premium Retained earnings Total Balance at 1 January 2006 38,608 67,522 4,109 110,239 Equity settled transactions net of tax 12 ^ ^ 893 893 Dividend paid in year ^ (9,596) (6,016) (15,612) Total recognised income and expense ^ ^ (28,839) (28,839) Balance at 31 December 2006 38,608 57,926 (29,853) 66,681 Balance at 1 January 2007 38,608 57,926 (29,853) 66,681 Equity settled transactions net of tax 12 ^ ^ 815 815 Dividend paid in year ^ (5,949) (6,227) (12,176) Total recognised income and expense ^ ^ 16,642 16,642 Balance at 31 December 2007 38,608 51,977 (18,623) 71,962 Share capital and share premium Year ended 31 December Year ended 31 December Ordinary shares 2007 2006 On issue at beginning of year 31,135,762 31,135,762 On issue at end of the year 31,135,762 31,135,762 At 31 December 2007, the authorised share capital comprised 49,600,000 ordinary shares (2006: 49,600,000). The ordinary shares have a par value of C1.24. The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. Dividends After the balance sheet date the following dividends were proposed by the directors. The dividends have not been provided for and there are no income taxes consequences. Year ended 31 December Year ended 31 December In thousands of euro 2007 2006 C0.20 (GBP 0.16) per qualifying ordinary share (2006: C0.191 ((GBP 0.13)) 6,227 5,949 22