NotesShare
capital
£m
Share premium
£m
Merger
reserve
£m
Retained earnings
£m
Total
£m
Balance at 1 June 20172.8148.042.331.7224.8
Profit for the year15.515.5
Total comprehensive income for the year15.515.5
Transactions with owners recorded directly in equity
Dividends to equity shareholders11(12.8)(12.8)
Increase in subsidiary investment for share-based charges0.10.1
Shares issued261.51.5
Total contributions by and distributions to owners1.5(12.7)(11.2)
Balance at 31 May 2018 and 1 June 20182.8149.542.334.5229.1
Profit for the year0.30.3
Total comprehensive income for the year0.30.3
Transactions with owners recorded directly in equity
Dividends to equity shareholders11(12.9)(12.9)
Shares issued260.30.3
Total contributions by and distributions to owners0.3(12.9)(12.6)
Balance at 31 May 20192.8149.842.321.9216.8

The Notes to the financial statements are an integral part of these Financial Statements.