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## 8. Movement in Shareholders’ Funds 

<img src='content_image/166063.jpg'>

In accordance with section 148(8) of the Companies Act, 1963 and section 7(1A) of the Companies (Amendment) Act, 1986, the Company is availing of the exemption from presenting its individual profit and loss account to the Annual General Meeting and from filing it with the Registrar of Companies. The profit for the financial year dealt with in the Company Financial Statements amounted to €1,006 million (2011: €53 million). 

## 9. Share-based Payments 

The total expense of €14 million (2011: €21 million) reflected in note 8 to the Consolidated Financial Statements attributable to employee share options and the Performance Share Plan has been included as a capital contribution in financial assets (note 2) in addition to any payments to/from subsidiaries. 

## 10. Section 17 Guarantees 

Pursuant to the provisions of Section 17, Companies (Amendment) Act, 1986, the Company has guaranteed the liabilities of its wholly-owned subsidiary undertakings and the Oldcastle Finance Company and Oldcastle North America Funding Company general partnerships in the Republic of Ireland for the financial year ended 31 December 2012 and, as a result, such subsidiary undertakings and the general partnerships have been exempted from the filing provisions of Section 7, Companies (Amendment) Act, 1986 and Regulation 20 of the European Communities (Accounts) Regulations, 1993 respectively. 

Details in relation to other guarantees provided by the Company are provided in the interest-bearing loans and borrowings note (note 24) on page 104 of the notes to the Consolidated Financial Statements. 

## 11. Related Party Transactions 

The Company has taken advantage of the exemption in FRS 8 not to disclose transactions with wholly-owned subsidiaries. 

## 12. Approval by Board 

The Board of Directors approved and authorised for issue the Company Financial Statements on pages 118 to 121 in respect of the year ended 31 December 2012 on 25 February 2013. 

