8. Movement in Shareholders’ Funds 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. 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). 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. The Company has taken advantage of the exemption in FRS 8 not to disclose transactions with wholly-owned subsidiaries. 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. 12. Approval by Board 11. Related Party Transactions 10. Section 17 Guarantees 9. Share-based Payments Issued share capital Share premium account Treasury  Shares/  own shares Revaluation reserve Other reserves Profit and loss account Total  equity €m €m €m €m €m €m €m At 1 January 2012  248   4,051  (183)  42   158   986   5,302  Issue of share capital (net of expenses)  2   86   -  -  -  -  88  Profit after tax before dividends  -  -  -  -  -  1,006   1,006  Treasury/own shares reissued   -  -  37   -  - (37)  - Share option exercises  -  -  -  -  -  16   16  Share-based payment expense  -  -  -  -  14   -  14  Dividends (including shares issued in lieu of dividends)  -  -  -  -  - (450) (450) At 31 December 2012  250   4,137  (146)  42   172   1,521   5,976  The equivalent disclosure for the prior year is as follows: At 1 January 2010  245   3,919  (199)  42   137   1,387   5,531  Currency translation effects  -  -  -  -  -  1   1  Issue of share capital (net of expenses)  3   132   -  -  -  -  135  Profit after tax before dividends  -  -  -  -  -  53   53  Treasury/own shares reissued   -  -  16   -  - (16)  - Share option exercises  -  -  -  -  -  6   6  Share-based payment expense  -  -  -  -  21   -  21  Dividends (including shares issued in lieu of dividends)  -  -  -  -  - (445) (445) At 31 December 2011 248  4,051  (183)  42   158   986   5,302  CRH 121