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Notes to the Companya accounts
9. Reconciliation of movements in equity shareholders’ funds
| 2007 £m |
2006 £m |
|
|---|---|---|
| Profit for the year after taxation | 244 | 32 |
| Dividends | (730) | (745) |
| Retained loss for the financial year | (486) | (711) |
| Net proceeds of issue of ordinary shares | 16 | 28 |
| Return of capital to shareholders through B share scheme | - | (2,009) |
| Movement on cash flow hedge reserve (net of tax) | 15 | (32) |
| Share-based payment | 15 | 13 |
| Repurchase of ordinary shares | (169) | - |
| Net decrease in equity shareholders' funds | (609) | (2,711) |
| Opening equity shareholders' funds | 6,944 | 9,655 |
| Closing equity shareholders' funds | 6,335 | 6,944 |