SMITH & NEPHEW PLC
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Mar 10, 2025
Use the contents to explore the available documents and sections.
SNN$31.15-2.7%Stored close · as of Nov 6, 2026
Contents
Group statement of changes in equity
| | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | Capital | | | | | | | | |
| | | Share | | Share | | redemption | | Treasury | | Other | | Retained | | Total |
| | | capital | | premium | | reserve | | shares2 | | reserves3 | | earnings4 | | equity |
| · $ million · $ million · $ million · $ million · $ million · $ million · $ million | ||||||||||||||
| At 31 December 2021 | | 177 | | 614 | | 18 | | (120) | | (346) | | 5,225 | | 5,568 |
| Attributable profit for the year1 | | – | | – | | – | | – | | – | | 223 | | 223 |
| Other comprehensive income | | – | | – | | – | | – | | (113) | | 23 | | (90) |
| Equity dividends declared and paid | | – | | – | | – | | – | | – | | (327) | | (327) |
| Share-based payments recognised | | – | | – | | – | | – | | – | | 40 | | 40 |
| Taxation on share-based payments | | – | | – | | – | | – | | – | | (3) | | (3) |
| Purchase of own shares | | – | | – | | – | | (158) | | – | | – | | (158) |
| Cost of shares transferred to beneficiaries | | – | | – | | – | | 31 | | – | | (26) | | 5 |
| Cancellation of treasury shares | | (2) | | – | | 2 | | 129 | | – | | (129) | | – |
| Issue of ordinary share capital5 | | – | | 1 | | – | | – | | – | | – | | 1 |
| At 31 December 2022 | | 175 | | 615 | | 20 | | (118) | | (459) | | 5,026 | | 5,259 |
| Attributable profit for the year1 | | – | | – | | – | | – | | – | | 263 | | 263 |
| Other comprehensive income | | – | | – | | – | | – | | 54 | | (71) | | (17) |
| Equity dividends declared and paid | | – | | – | | – | | – | | – | | (327) | | (327) |
| Share-based payments recognised | | – | | – | | – | | – | | – | | 39 | | 39 |
| Cost of shares transferred to beneficiaries | | – | | – | | – | | 24 | | – | | (24) | | – |
| At 31 December 2023 | | 175 | | 615 | | 20 | | (94) | | (405) | | 4,906 | | 5,217 |
| Attributable profit for the year1 | | – | | – | | – | | – | | – | | 412 | | 412 |
| Other comprehensive income | | – | | – | | – | | – | | (92) | | 15 | | (77) |
| Equity dividends declared and paid | | – | | – | | – | | – | | – | | (327) | | (327) |
| Share-based payments recognised | | – | | – | | – | | – | | – | | 40 | | 40 |
| Taxation on share-based payments | | – | | – | | – | | – | | – | | (1) | | (1) |
| Cost of shares transferred to beneficiaries | | – | | – | | – | | 28 | | – | | (27) | | 1 |
| At 31 December 2024 | | 175 | | 615 | | 20 | | (66) | | (497) | | 5,018 | | 5,265 |
| 1 | Attributable to equity holders of the Company and wholly derived from continuing operations. |
| 2 | Refer to Note 19.2 for further information. |
| 3 | Other reserves comprises gains and losses on cash flow hedges, foreign exchange differences on translation of foreign operations and net changes on fair value of trade investments. The cumulative translation loss within other reserves at 31 December 2024 was $520m (2023: $396m, 2022: $452m). |
| 4 | Within retained earnings is a non-distributable capital reserve of $2,266m (2023: $2,266m, 2022: $2,266m) which arose as a result of the Group's reorganisation in 2008. |
| 5 | Issue of ordinary share capital in connection with the Group’s share incentive plans. |
** The Notes on pages 196–247 are an integral part of these accounts.**
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.