Skip to main content

Notes 32-38

Notes to the Company balance sheet

37. Equity share owners' funds

Movements during the year were as follows:

  Ordinary
share
capital
£m
Share
premium
account
£m
Shares
to be
issued
£m
Other
reserves
£m
Profit
and loss
account
£m
At 31 December 2006 124.1 74.9 7.5 23.1 5,543.4
Ordinary shares issued in
respect of acquisitions
0.1 2.2 5.7
Other ordinary shares issued 0.7 29.5 (7.9) 4.2 (0.6)
Share issue/cancellation costs (2.7) (0.1)
Share cancellations (5.7) 5.7 (402.7)
Retained loss for the year (37.0)
Dividends paid (139.7)
Equity granted to employees
of subsidiaries
62.4
Shares purchased into treasury (12.7)
At 31 December 2007 119.2 103.9 5.3 20.2 5,025.8

Other reserves at 31 December 2007 comprise a capital redemption reserve of £9.5 million (2006: £3.8 million), a merger reserve of £23.4 million (2006: £19.3 million) and treasury shares of £12.7 million (2006: £nil).

At 31 December 2007 the Company's distributable reserves amounted to £4,892.5 million (2006: £5,472.5 million). Further details of the Company's share capital are shown in notes 26 and 27.

Further details of dividends are shown in note 8.

Reconciliation of movements in equity share owners' funds for the year ended 31 December 2007:

  2007
£m
2006
£m
Loss for the year (37.0) (7.8)
Dividends paid (139.7) (118.9)
  (176.7) (126.7)
Shares to be issued in respect of acquisitions 8.0
Equity granted to employees of subsidiaries 62.4 70.9
Share issue/cancellation costs (2.8) (0.5)
Other ordinary shares issued 25.9 69.7
Share cancellations (402.7) (218.8)
Shares purchased into treasury (12.7)
Net reductions to equity share owners' funds (498.6) (205.4)
Opening equity share owners' funds 5,773.0 5,978.4
Closing equity share owners' funds 5,274.4 5,773.0