Consolidated statement of changes in equity

for the 52 weeks ended 28 November 2010

Notes Share
capital
£’000
Share
premium
£’000
Treasury
shares
reserve
£’000
Reverse
acquisition reserve
£’000

Other
reserves
£’000
(Accumulated
deficit)
/Retained earnings
£’000
(Deficit)
/surplus
attributable to
equity holders
£’000
Balance at 1 December 2008 38 281,649 1,139 (321,034) (38,208)
Loss for the period (23,209) (23,209)
Total comprehensive expense for the period (23,209) (23,209)
Transactions with owners
— Issue of ordinary shares 23 2 30,072 30,074
— Transaction costs on issue of ordinary shares 23 (945) (945)
— Issue of convertible preference shares 23 60 60
— Transfer of equity on conversion of loan stock 23(d) (5) 5
— Transfer of equity on repayment of loan stock 23(d) (1,134) 1,134
— Share-based payments charge 24 78 78
Total transactions with owners 2 29,187 (1,139) 1,217 29,267
Balance at 29 November 2009 40 310,836 (343,026) (32,150)
Loss for the period (7,211) (7,211)
Other comprehensive income 23(d) 726 726
Total comprehensive expense for the period 726 (7,211) (6,485)
Transactions with owners:

— Issue of ordinary shares in Ocado Limited
23 3 49,443 (47,741) 1,705
— Cancellation of Ocado Limited ordinary shares 23(a) (43) 43
— Issue of ordinary and convertible preference shares by Ocado Group plc 23(b) 476,509 (476,509)
— Ocado Group plc capital reduction 23(b) (467,846)
— Reverse acquisition of Ocado Limited by Ocado Group plc 23(c) (360,279) 360,279
— Issue of ordinary shares by Ocado Group plc on IPO 23 2,380 211,862 214,242
— Ordinary shares issue costs 23 (6,881) (6,881)
— Issue of ordinary shares in Ocado Group plc 23 25 1,113 1,138
— Share-based payments charge 24 220 220
Total transactions with owners 11,028 (104,742) (47,741) (116,230) 468,109 210,424
Balance at 28 November 2010 11,068 206,094 (47,741) (116,230) 726 117,872 171,789

Note:
A reverse acquisition took place on 9 February 2010. The financial information for the comparative period has been presented as if Ocado Group plc had been the parent company of the Group throughout (see Notes 2(a) and 2(b)).