UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 172
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021 (continued)
25 Treasury Shares (continued)
Nominal value
2021
No. of
shares
At 1 January
Repurchase of shares
Shares issued
At 31 December
1,870,284
600,000
(216,144)
2,254,140
Nominal
value
€
0.13
0.13
0.13
0.13
2020
No. of
shares
Total
€
243,136
78,000
(28,099)
293,037
1,907,826
(37,542)
1,870,284
Nominal
value
€
0.13
0.13
0.13
Total
€
248,016
(4,880)
243,136
During the year, the Company issued 216,144 shares in satisfaction of obligations falling under share schemes. Separately, as part of the
Company's capital management strategy, the Company repurchased 600,000 shares during the year at a weighted average price of
€78.16 on dates between 19 May 2021 and 10 June 2021.
The Company holds 1.2% (2020: 1.0%) of the issued ordinary share capital as treasury shares.
26 Retained Earnings
In accordance with Section 304 of the Companies Act 2014, the Company is availing of the exemption from presenting its individual
Income Statement to the Annual General Meeting and from filing it with the Registrar of Companies. The Company’s profit for the
financial year was €136.0m (2020: €89.2m).
27 Dividends
Equity dividends on ordinary shares:
2021 Interim dividend 19.9 cent (2020: nil cent) per share
2020 Final dividend 20.6 cent (2019: nil cent) per share
Proposed for approval at AGM
Final dividend of 26.0 cent (2020: 20.6 cent) per share
2021
€m
2020
€m
36.1
37.4
-
73.5
-
47.2
37.4
The 2020 Interim dividends were cancelled during 2020 due to the initial uncertainty created by the pandemic.
The proposed final dividend for 2021 is subject to approval by the shareholders at the Annual General Meeting and has not been
included as a liability in the Consolidated Statement of Financial Position of the Group as at 31 December 2021 in accordance with IAS
10 Events after the Reporting Period. The proposed final dividend for the year ended 31 December 2021 will be payable on 6 May 2022 to
shareholders on the Register of Members at close of business on 25 March 2022.
28 Non-Controlling Interest
At 1 January
Profit for the year attributable to non-controlling interest
Arising on acquisition (Note 22)
Dividends paid to minorities
Share of foreign operations’ translation movement
At 31 December
2021
€m
2020
€m
48.7
16.5
3.5
(3.2)
1.7
67.2
50.1
11.2
(0.8)
(1.2)
(10.6)
48.7
During the year, the Group acquired 51% of Bromyros, an Insulated Panels business in Uruguay. As part of the acquisition, the Group
recognised the 49% non-controlling interest of €3.2m in 2021.
Further details are provided in Note 22.
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