CONSOLIDATED STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
FOR THE YEAR ENDED 31 DECEMBER
| RESTATED
|
| | | | 1997
£M | 1996
£M | 1995
£M |
|
| Profit attributable to ordinary shareholders | | | | 390 | 442 | 373 |
| Translation differences credited/(debited) directly to reserves | | | | 2 | (28) | 3 |
|
| Total recognised gains and losses relating to the year | | | | 392 | 414 | 376 |
| Dividends | | | | (190) | (190) | (158) |
| Shares issued during the year | | | | 22 | 23 | 19 |
| Shares repurchased during the year | | | | (21) | - | - |
|
| Net addition to shareholders' equity | | | | 203 | 247 | 237 |
| Opening shareholders' equity (restated) | | | | 1,540 | 1,293 | 1,056 |
|
| Closing shareholders' equity | | | | 1,743 | 1,540 | 1,293 |
|
Opening shareholders' equity has been restated to reflect a change in the method of accounting for goodwill following the introduction of UK Financial Reporting Standard 10. The cumulative effect of the restatement as at 31 December 1996 was due to the capitalisation of goodwill of £464 million less cumulative amortisation of £266 million resulting in an increase in shareholders' equity of £198 million.
The detailed statement showing the movement in capital and reserves is set out in note 26.
|