39. ADJUSTMENTS TO SHAREHOLDERS' EQUITY
| RESTATED |
|
|
| | | | | 1997
£M | 1996
£M | 1995
£M |
|
| Capital employed before minority interest in accordance with UK GAAP | | 1,661 | 1,458 | 1,211 |
| US GAAP adjustments: |
| Acquisition accounting adjustments | | | | 11 | 8 | (35) |
| Capitalised software development costs net of amortisation | | | | 8 | 10 | 12 |
| Fixed asset investments | | | | 14 | - | - |
| Shares held by employee share ownership trusts | | | | (39) | (28) | (26) |
| Liabilities | | | | (25) | (19) | 53 |
| Taxes | | | | (16) | (13) | (37) |
| Dividends not formally declared or paid during the year | | | | 140 | 145 | 121 |
|
| Shareholders' equity in accordance with US GAAP | | | | 1,754 | 1,561 | 1,299 |
|
|