20 Movements in capital and reserves

Movements in capital and reserves
Attributable to equity holders of the parent    
Share
capital
£m		 Share
premium
£m		 Capital
redemption
reserves
£m		 Transition
hedging
reserve 1
£m		 Other
reserves 2
£m		 Retained
earnings 3
£m		 Total
£m		 Minority
interests
£m		 Total
equity
£m
At January 1, 2006 352 30 206 379 20 512 1,499 6 1,505
Total recognised income and expense for the year — — — (202) (75) 1,422 1,145 (4) 1,141
Arising on issues of ordinary shares 1 13 — — — — 14 — 14
Issue of B Shares — — (154) — — — (154) — (154)
Redemption of B Shares — — 93 — — (93) — — —
Conversion of B Shares into ordinary shares 3 — 52 — — — 55 — 55
Own shares purchased — — — — — (47) (47) — (47)
Own shares vesting in share-based payment plans — — — — — 143 143 — 143
Share-based payments adjustment — — — — — (13) (13) — (13)
Transactions with minority interests — — — — — — — 5 5
Related tax movements
                 
– current tax — — — — — 18 18 — 18
– deferred tax — — — — — 58 58 — 58
At January 1, 2007 356 43 197 177 (55) 2,000 2,718 7 2,725
Total recognised income and expense for the year — — — (100) 117 861 878 (6) 872
Arising on issues of ordinary shares 5 24 — — — — 29 — 29
Issue of B Shares — — (172) — — — (172) — (172)
Redemption of B Shares — — 97 — — (97) — — —
Conversion of B Shares into ordinary shares 3 — 69 — — (1) 71 — 71
Own shares purchased — — — — — (78) (78) — (78)
Own shares vesting in share-based payment plans — — — — — 93 93 — 93
Share-based payments adjustment — — — — — (22) (22) — (22)
Transactions with minority interests — — — — — — — 11 11
Related tax movements                  
– current tax — — — — — 43 43 — 43
– deferred tax — — — — — (18) (18) — (18)
Change in rate of UK corporation tax                  
– deferred tax — — — — — (5) (5) — (5)
At December 31, 2007 364 67 191 77 62 2,776 3,537 12 3,549

1 See accounting policies note 1 – hedge accounting.
2 'Other reserves' include a merger reserve of £3m (2006 £3m) and a translation reserve of £59m(2006 £(58)m).
3 At December 31, 2007, 5,838,501 shares with a net book value of £24m (2006 16,654,181 shares with a net book value of £38m) were held and included in retained earnings.

Back to top