Summary financial statements

Reed Elsevier PLC

Reconciliation of shareholders’ funds

for the year ended 31 December 2002
   2002
£m
 2001
£m


Profit attributable to ordinary shareholders

Equity dividends paid and proposed

Issue of ordinary shares, net of expenses

Exchange translation differences

Equalisation adjustments

    


89

(143)

16

(98)

 


61

(132)

10

(2)

(3)

   


Net decrease in shareholders’ funds

Shareholders’ funds at 1 January

    
(136)

1,543
 
(66)

1,609
   

Shareholders’ funds at 31 December
    
1,407
 
1,543
   
     
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