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Financial statements and notes to the accountsRolls-Royce
Reconciliations of movements in shareholders' funds for the year ended December 31, 2003



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Group
 
Company
  2003
£m
2002
£m
  2003
£m
At January 1 2,035 2,068  
Group reorganisation   2,153
Total recognised gains for the year 113 68  
Ordinary dividends (net of scrip dividend adjustments) (8) (110)   (53)
New ordinary share capital issued (net of expenses) 1 1   1
Goodwill transferred to the profit and loss account in respect of disposals of businesses 8  
At December 31 2,141 2,035   2,101