|
| 25. |
Reconciliation of movement in shareholders’ funds |
| |
|
|
Share
capital
£m |
|
|
Share
premium
account
£m |
|
|
Capital
redemption
reserve
£m |
|
|
Other
reserves
£m |
|
|
Profit and loss account
£m |
|
|
Total
£m |
|
|
|
|
Balances
at 1 April 2002 as previously stated
|
|
|
434 |
|
|
2 |
|
|
– |
|
|
1,025 |
|
|
(1,819 |
) |
|
(358 |
) |
Prior
period adjustment (note 1)
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
(152 |
) |
|
(152 |
) |
|
|
|
1
April 2002 as restated
|
|
|
434 |
|
|
2 |
|
|
– |
|
|
1,025 |
|
|
(1,971 |
) |
|
(510 |
) |
Goodwill, previously written off to reserves, taken back to the profit and loss accounta (note 6)
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
869 |
|
|
869 |
|
Employee
share option schemes – 0.2 million shares issued (note
31)
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
Transfer
between reservesb
|
|
|
– |
|
|
– |
|
|
– |
|
|
(27 |
) |
|
27 |
|
|
– |
|
|
Currency
movements (including £106 million net movements in
respect of foreign currency borrowings)c
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
5 |
|
|
5 |
|
|
Consideration
received on employee share option plans
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
27 |
|
|
27 |
|
|
Amounts
credited in respect of employee share plans
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
48 |
|
|
48 |
|
|
Profit
for the year as restated
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
2,702 |
|
|
2,702 |
|
|
Dividends
(6.5p per ordinary share)
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
(560 |
) |
|
(560 |
) |
|
|
|
Balances
at 1 April 2003 as restated
|
|
|
434 |
|
|
2 |
|
|
– |
|
|
998 |
|
|
1,147 |
|
|
2,581 |
|
|
Purchase
of own shares:d
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
–
shares cancelled
|
|
|
(2 |
) |
|
– |
|
|
2 |
|
|
– |
|
|
(64 |
) |
|
(64 |
) |
|
–
shares held as treasury shares
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
(80 |
) |
|
(80 |
) |
|
Currency
movements (including £133 million net movements in
respect of foreign currency borrowings)c
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
(89 |
) |
|
(89 |
) |
|
Amounts
credited in respect of employee share plans
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
36 |
|
|
36 |
|
|
Profit
for the year as restated
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
1,414 |
|
|
1,414 |
|
|
Dividends
(8.5p per ordinary share)
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
(732 |
) |
|
(732 |
) |
|
|
|
Balances
at 1 April 2004 as restated
|
|
|
432 |
|
|
2 |
|
|
2 |
|
|
998 |
|
|
1,632 |
|
|
3,066 |
|
|
Purchase
of own shares held as treasury sharesd
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
(195 |
) |
|
(195 |
) |
|
Currency
movements (including £27 million net
movements in respect of foreign currency borrowings)c
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
19 |
|
|
19 |
|
|
Arising
on share issues
|
|
|
– |
|
|
1 |
|
|
– |
|
|
– |
|
|
– |
|
|
1 |
|
|
Amounts
credited in respect of employee share plans
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
22 |
|
|
22 |
|
|
Profit
for the year
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
1,821 |
|
|
1,821 |
|
|
Dividends
(10.4p per ordinary share)
|
|
|
– |
|
|
– |
|
|
– |
|
|
– |
|
|
(883 |
) |
|
(883 |
) |
|
|
|
Balances
at 31 March 2005
|
|
|
432 |
|
|
3 |
|
|
2 |
|
|
998 |
|
|
2,416 |
|
|
3,851 |
|
|
|
| a |
Aggregate goodwill at 31 March 2005 in respect of acquisitions completed
prior to 1 April 1998 of £385 million (2004 – £385 million, 2003 – £385 million) has been written off against retained earnings
in accordance with the group’s accounting policy. The goodwill written off against retained earnings will be charged in the profit and loss account on
the subsequent disposal of the business to which it related. |
| b |
Release of statutory reserves in subsidiary undertakings on cessation of
associated activities. |
| c |
The cumulative foreign currency translation adjustment, which increased
retained earnings at 31 March 2005, was £152 million (2004 – £133 million, 2003 – £222 million). |
| d |
During the year ended 31 March 2005 the company repurchased 101,280,000
(2004 – 80,571,000) of its own shares of 5p each, representing 1% (2004 – 1%) of the called-up share capital, for an aggregate consideration of
£195 million (2004 – £144 million). At 31 March 2005 134,497,000 shares (2004 – 44,349,000 shares) with an aggregate nominal value of
£7 million are held as treasury shares at cost. Of the total shares repurchased during the
year ended 31 March 2004 36,222,000 shares with an aggregate nominal value of £2 million were cancelled immediately. |
|
