| Share
capital
£m | Share
premium
account
£m | Own
shares
£m | Other
reserves
£m | Translation
reserves
£m | Retained
earnings
£m | Equity
attributable
to equity
holders of
the parent
£m | Non-
controlling
interests
£m | Total
equity
£m |
|---|
| 1 January 2016 | 33.1 | 177.1 | (9.3) | 134.1 | (5.8) | 220.0 | 549.2 | 0.4 | 549.6 |
| Net profit for the year | – | – | – | – | – | 67.0 | 67.0 | – | 67.0 |
| Exchange differences on translation of overseas operations | – | – | – | – | 65.5 | – | 65.5 | – | 65.5 |
| Cumulative exchange differences recycled to profit or loss on disposal of businesses | – | – | – | – | (2.2) | – | (2.2) | – | (2.2) |
| Actuarial losses on defined benefit pension schemes net of deferred tax | – | – | – | – | – | (4.0) | (4.0) | – | (4.0) |
| Total comprehensive income for the year | – | – | – | – | 63.3 | 63.0 | 126.3 | – | 126.3 |
| Acquired in the year/settlement of share options | – | – | 1.3 | (0.7) | – | (0.6) | – | – | – |
| Share-based payments | – | – | – | 0.5 | – | – | 0.5 | – | 0.5 |
| Dividends paid | – | – | – | – | – | (48.1) | (48.1) | – | (48.1) |
| 31 December 2016 | 33.1 | 177.1 | (8.0) | 133.9 | 57.5 | 234.3 | 627.9 | 0.4 | 628.3 |
| Net profit for the year | – | – | – | – | – | 97.1 | 97.1 | 0.2 | 97.3 |
| Exchange differences on translation of overseas operations | – | – | – | – | (11.6) | – | (11.6) | (0.1) | (11.7) |
| Actuarial gains on defined benefit pension schemes net of deferred tax | – | – | – | – | – | 5.7 | 5.7 | – | 5.7 |
| Total comprehensive income for the year | – | – | – | – | (11.6) | 102.8 | 91.2 | 0.1 | 91.3 |
| Acquired in the year/settlement of share options | – | – | 0.8 | (0.7) | – | – | 0.1 | – | 0.1 |
| Share-based payments | – | – | – | 7.8 | – | – | 7.8 | – | 7.8 |
| Deferred tax on share-based payment transactions | – | – | – | – | – | 0.6 | 0.6 | – | 0.6 |
| Dividends paid | – | – | – | – | – | (30.6) | (30.6) | – | (30.6) |
| 31 December 2017 | 33.1 | 177.1 | (7.2) | 141.0 | 45.9 | 307.1 | 697.0 | 0.5 | 697.5 |
Included in other reserves is the capital redemption reserve of £129.8m (2016: £129.8m) and the share-based payments reserve of £10.4m (2016: £3.3m).
The own shares reserve represents the cost of shares in Bodycote plc purchased in the market. At 31 December 2017 1,171,190 (2016: 1,289,378) ordinary shares of 17 3/11p each were held by the Bodycote International Employee Benefit Trust to satisfy share-based payments under the Group's incentive schemes (see note 26).