NotesIssued
share
capital
£m
Share
premium
£m
Merger
reserve
£m
Currency
translation
reserve
£m
Retained
earnings
£m
Total
£m
Balance at 1 June 2017 previously reported2.8148.042.326.1(7.1)212.1
Change in accounting policies in respect of IFRS 15 (net of tax)1(1.4)(1.4)
Balance at 1 June 2017 (restated1)2.8148.042.326.1(8.5)210.7
Profit for the year (restated1)6.76.7
Foreign currency translation differences0.30.3
Total comprehensive income for the year (restated1)0.36.77.0
Transactions with owners recorded directly in equity
Dividends to equity shareholders11(12.8)(12.8)
Current and deferred tax on share-based payments100.20.2
Shares issued261.51.5
Total contributions by and distributions to owners1.5(12.6)(11.1)
Balance at 31 May 2018 (restated1) and 1 June 20182.8149.542.326.4(14.4)206.6
Profit for the year13.513.5
Foreign currency translation differences1.51.5
Total comprehensive income for the year1.513.515.0
Transactions with owners recorded directly in equity
Dividends to equity shareholders11(12.9)(12.9)
Share-based payments251.71.7
Current and deferred tax on share-based payments100.10.1
Shares issued260.30.3
Total contributions by and distributions to owners0.3(11.1)(10.8)
Balance at 31 May 20192.8149.842.327.9(12.0)210.8

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

  1. See note 1 for further details on the restatement of comparative information due to the retrospective application of IFRS 15.