NoteIssued share
capital
£'m
Share
premium
account
£'m
Non-
distributable reserve
£'m
Capital
redemption reserve
£'m
Retained
earnings
£'m
Total
equity
£'m
As at 2 July 20162.01.67.143.2242.8296.7
Profit for the period1.51.5
Total comprehensive income for the period1.51.5
Purchase of treasury shares(4.3)(4.3)
Issue of treasury shares120.90.9
Share-based payments13(0.1)(0.1)(0.2)
Current corporation tax on share options exercised8(0.1)(0.1)
Dividends3(51.6)(51.6)
Total transactions with owners, recorded directly in equity(0.1)(55.2)(55.3)
As at 1 July 20172.01.67.043.2189.1242.9
Profit for the period43.143.1
Total comprehensive income for the period43.143.1
Proceeds from issue of treasury shares121.31.3
Share-based payments130.30.3
Dividends3(53.4)(53.4)
Total transactions with owners, recorded directly in equity0.3(52.1)(51.8)
As at 30 June 20182.01.67.343.2180.1234.2

The non-distributable reserve's purpose is to reflect movements in share-based payments in respect of awards given by the Parent Company to employees of subsidiaries.