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Annual Report & Accounts 2016 - Company Statement of Changes in Equity
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109 COMPANY STATEMENT OF CHANGES IN EQUITY for the year ended 31 December 2016 Notes Share capital €m Share premium €m Merger reserve €m Retained earnings1 €m Total €m Balance at 1 January 2015 0.6 85.4 40.4 (64.1) 62.3 Share option charges2 - - - 0.5 0.5 Share options surrendered - - - (12.1) (12.1) Dividend paid - - - (34.3) (34.3) Transactions with owners - - - 45.9 45.9 Loss for the year - - - (19.4) (19.4) Total comprehensive income for the year - - - (19.4) (19.4) BALANCE AS AT 31 DECEMBER 2015 0.6 85.4 40.4 (129.4) (3.0) Balance at 1 January 2016 0.6 85.4 40.4 (129.4) (3.0) Issue of share capital 2.3 1,391.9 - - 1,394.2 Share option charges2 10 - - - 10.9 10.9 Share options surrendered 10 - - - (0.8) (0.8) Share options through subsidiaries 10 - - - 13.1 13.1 Share options exercised 10 - 1.1 - (7.2) (6.1) Transactions with owners 2.9 1,478.4 40.4 16.0 1,408.3 Loss for the year - - - (132.4) (132.4) Total comprehensive income for the year - - - (132.4) (132.4) BALANCE AS AT 31 DECEMBER 2016 2.9 1,478.4 40.4 (245.8) 1,275.9 1. The share option reserve included within retained earnings at 31 December 2016 amounted to a balance of €9.0m. 2. Total share option charge per the income statement amounted to €10.9m, the difference being a credit for share options issued to employees of group companies. All reserves of the Company are distributable, as under the Isle of Man Companies Act 2006 distributions are not governed by reserves but by the Directors undertaking an assessment of the Company's solvency at the time of distribution (section 49, Companies Act Isle of Man 2006). The notes on pages 108 to 118 form part of these financial statements.