Financial Statements
Strategic Report
Governance Report
Other Information
29. Retained earnings and other reserves
Other reserves comprise the following balances:
The movements in retained earnings during the year were as follows:
2024 £’000
2023 £’000 8,920
2024 £’000
2023 £’000 59,160 18,149 3,201 (2,850) (11,422)
6,171
Share option reserve
192
Merger reserve
192
66,238 6,457 4,221 (2,150) (12,094)
At beginning of the year Profit for the financial year
Total other reserves
6,363
9,112
Transfer from share option reserve
a. Share option reserve The share option reserve represents the cumulative charge to the Consolidated statement of comprehensive income for the Group’s equity-settled share-based payment schemes, as described in Note 30.
Purchase of own shares by Employee Benefit Trust
Dividends paid
At end of the year
62,672
66,238
The movements in other reserves during the year were as follows. All movements relate to movement on the share option reserve:
b. Merger reserve
The merger reserve arises when the consideration and nominal value of the shares issued during a merger and the fair value of assets transferred during the business combination differ.
2024 £’000 8,920 2,407 (4,221)
2023 £’000 9,970 2,686 (3,201)
At beginning of the year Share-based payments Transfer to retained earnings
(935) 6,171
Tax charge on share-based payments
(335)
At end of the year
8,920
Brooks Macdonald Group plc Annual Report and Accounts 2024
151
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