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4 Financial liabilities

B Shares
Movements in the B Shares during the year were as follows:

	B Shares of 0.1p Millions	Nominal value £m
Authorised
At January 1, and December 31, 2007	1,000,000	1,000
Issued and fully paid
At January 1, 2007	12,616	13
Shares issued	172,006	172
Shares converted into ordinary shares	(71,819)	(72)
Shares redeemed	(96,944)	(97)
At December 31, 2007	15,859	16
Rights attaching to B Shares are described in note 16 of the Company's consolidated accounts.