Notes to the accounts
for the year ended 31 December 2007
33. Retained profits reserve
| Associates reserve £mn |
Fair value reserve £mn |
Hedging reserve £mn |
Profit and loss reserve £mn |
Retained profits £mn |
|
|---|---|---|---|---|---|
| At 1 January 2007 | 14.9 | 124.0 | 5.3 | 942.1 | 1,086.3 |
| Net losses on hedges recognised directly in equity | - | - | (9.4) | - | (9.4) |
| Actuarial gains on defined benefit pension schemes | - | - | - | 5.5 | 5.5 |
| Net gains on available-for-sale financial assets | 2.7 | 15.6 | - | - | 18.3 |
| Amounts recycled through the income statement | - | (40.2) | - | - | (40.2) |
| Tax on items taken directly to equity | - | - | - | 2.6 | 2.6 |
| Net income and expense recognised directly in equity | 2.7 | (24.6) | (9.4) | 8.1 | (23.2) |
| Profit for the year | 22.3 | - | - | 277.4 | 299.7 |
| Total recognised income and expense for the year | 25.0 | (24.6) | (9.4) | 285.5 | 276.5 |
| Shares cancelled | - | - | - | (30.4) | (30.4) |
| Net gains on disposals of own shares | - | - | - | 3.5 | 3.5 |
| Share-based payments | - | - | - | 32.9 | 32.9 |
| Dividends | - | - | - | (74.9) | (74.9) |
| Transfers | (19.1) | - | - | 0.2 | (18.9) |
| At 31 December 2007 | 20.8 | 99.4 | (4.1) | 1,158.9 | 1,275.0 |
| Associates reserve £mn |
Fair value reserve £mn |
Hedging reserve £mn |
Profit and loss reserve £mn |
Retained profits £mn |
|
|---|---|---|---|---|---|
| At 1 January 2006 | 24.0 | 83.6 | (26.9) | 779.5 | 860.2 |
| Net gains on hedges recognised directly in equity | - | - | 32.2 | - | 32.2 |
| Actuarial gains on defined benefit pension schemes | - | - | - | 5.5 | 5.5 |
| Net gains on available-for-sale financial assets | 1.5 | 63.7 | - | - | 65.2 |
| Amounts recycled through the income statement | (3.5) | (23.3) | - | - | (26.8) |
| Tax on items taken directly to equity | - | - | - | 6.6 | 6.6 |
| Net income and expense recognised directly in equity | (2.0) | 40.4 | 32.2 | 12.1 | 82.7 |
| Profit for the year | 15.4 | - | - | 205.9 | 221.3 |
| Total recognised income and expense for the year | 13.4 | 40.4 | 32.2 | 218.0 | 304.0 |
| Shares cancelled | - | - | - | (61.4) | (61.4) |
| Net losses on disposals of own shares | - | - | - | (2.9) | (2.9) |
| Share-based payments | - | - | - | 27.5 | 27.5 |
| Dividends | - | - | - | (63.4) | (63.4) |
| Transfers | (22.5) | - | - | 44.8 | 22.3 |
| At 31 December 2006 | 14.9 | 124.0 | 5.3 | 942.1 | 1,086.3 |