Note 26 – Reconciliation of movement in equity shareholders’ funds
| |
2005 £m |
2004 (restated) £m |
2003 (restated) £m |
|---|---|---|---|
| Profit for the year | 908 | 1,074 | 351 |
| Dividends | (731) | (609) | (530) |
| 177 | 465 | (179) | |
| Issue of ordinary shares | 9 | 34 | 2 |
| Repurchase and cancellation of ordinary shares | – | – | (97) |
| Exchange adjustments | (73) | (417) | (322) |
| Tax on exchange adjustments | – | (12) | 12 |
| Movement in shares held by employee share trusts | 5 | 5 | 14 |
| Employee option scheme issues | 16 | 25 | 40 |
| Deferred tax on employee option schemes | 4 | – | – |
| Unrealised gain on transfer of assets to a joint venture (net of tax) | – | – | 6 |
| Net increase/(decrease) in equity shareholders’ funds | 138 | 100 | (524) |
| Equity shareholders’ funds at start of year | 1,221 | 1,121 | 1,645 |
| Equity shareholders’ funds at end of year | 1,359 | 1,221 | 1,121 |