Notes 32-38
Notes to the Company balance sheet
- 32. Accounting policies
- 33. Fixed asset investments
- 34. Debtors
- 35. Creditors: amounts falling due within one year
- 36. Creditors: amounts falling due after more than one year
- 37. Equity share owners' funds
- 38. Guarantees and other financial commitments
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 |