© Rolls-Royce Group plc 2004
Legal information
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| 26 Reserves | ||||||
| Non-distributable | ||||||
| Share capital £m |
Share premium £m |
Revaluation reserve £m |
Other reserves £m |
Profit and loss account £m |
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| Group | ||||||
| At January 1, 2003 | 323 | 634 | 100 | 195 | 783 | |
| Reclassification due to merger accounting | 809 | (634) | — | (175) | — | |
| 1,132 | — | 100 | 20 | 783 | ||
| Capital reduction to 20p per ordinary share 1 | (816) | — | — | — | 816 | |
| Exchange adjustments | — | — | — | — | (3) | |
| Scrip dividend | 17 | — | — | (17) | 45 | |
| Arising on share issues (net of expenses) | — | 1 | — | — | — | |
| Transfers between reserves | — | — | (4) | — | 4 | |
| Retained profit for the year | — | — | — | — | 63 | |
| At December 31, 2003 | 333 | 1 | 96 | 3 | 1,708 | |
| Company | ||||||
| On formation | — | — | — | — | — | |
| Group reorganisation 1 | 1,142 | — | — | 1,011 | — | |
| Capital reduction to 20p per ordinary share 1 | (816) | — | — | — | 816 | |
| 326 | — | — | 1,011 | 816 | ||
| Scrip dividend | 7 | — | — | (7) | — | |
| Arising on share issues (net of expenses) | — | 1 | — | — | — | |
| Retained loss for the year | — | — | — | — | (53) | |
| At December 31, 2003 | 333 | 1 | — | 1,004 | 763 | |
| 1 | Details of the Group reorganisation and capital reduction are shown in note 25. Other reserves consist of merger reserve and capital redemption reserve. |
The cumulative amount of goodwill, arising on the acquisition of undertakings still in the Group at December 31, 2003, written off against other reserves amounts to £372m (2002 £372m). The continuance of this basis, in respect of pre-1998 acquisitions, is permitted under the transitional arrangements of FRS 10.