Reconciliation of movements in shareholders’ funds
 | | Click icon for this table in Excel format |
|
| for the year ended 31 December | | 1998 £m | 1997 £m | 1996 £m |
|
| Retained profit | | 181 | 200 | 252 |
| Translation differences (debited)/credited directly to reserves | | (1) | 2 | (28) |
| Return of surplus capital to shareholders | | (1,482) | – | – |
| Shares issued during the year | | 13 | 22 | 23 |
| Shares repurchased during the year | | – | (21) | – |
|
| Net (reduction)/addition to shareholders’ equity | | (1,289) | 203 | 247 |
| Opening shareholders’ equity | | 1,661 | 1,458 | 1,211 |
|
| Closing shareholders’ equity | | 372 | 1,661 | 1,458 |
|
|
