CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the period ended 31 March 2012



For the purpose of preparing the consolidated financial statement of the Group, the share capital represents the nominal value of the issued share capital of 1p per share. Share premium represents the excess over nominal value of the fair value consideration received for equity shares net of expenses of the share issue.

The reverse acquisition reserve relates to the reverse acquisition between Trafalgar New Homes Plc and Combe Bank Homes Limited on 11 November 2011.

Share capital

Share premium

Reverse acquisition reserve

Retained profits/(losses)

Total equity


£

£

£

£

£

At 1 December 2009

87575

194393

–

(970625)

(688657)

Loss for the year

–

–

–

(903100)

(903100)

Other comprehensive income for the year

–

–

–

–

–

Total comprehensive income for the year

–

–

–

(903100)

(903100)

Reverse acquisition adjustment

–

–

(181669)

–

(181669)

At 30 November 2010

87575

194393

(181669)

(1873725)

(1773426)

At 1 December 2010

87575

194393

(181669)

(1873725)

(1773426)

Profit for period

–

–

–

208464

208464

Other comprehensive income for the period

–

–

–

–

–

Total comprehensive income for the period

–

–

–

208464

208464

Issue of shares

2056177

787235

–

–

2843412

Share issue costs

–

(20500)

–

–

(20500)

Reverse acquisition adjustment

–

–

(2635964)

–

(2635964)

At 31 March 2012

2143752

961128

(2817633)

(1665261)

(1378014)

Annual report & consolidated financial statements 2012