 |
Reconciliation of movements in equity shareholders' deficit
Six months ended 30 June 2003
Equity shareholders' deficit
|
Six
months ended
30 June
2003
US$m* |
|
Six
months ended
30 June
2003
£m |
|
Six
months ended
30 June
2002 (restated)
£m |
|
Year ended
31 Dec.
2002
£m |
| |
Profit for the financial year |
168 |
|
102 |
|
127 |
|
255 |
Dividends |
(102) |
|
(62) |
|
(57) |
|
(179) |
Actuarial loss recognised on retirement benefits |
- |
|
- |
|
- |
|
(108) |
Movement on deferred tax relating to actuarial loss on retirement benefits |
- |
|
- |
|
- |
|
30 |
Exchange adjustments on foreign currency net investments |
2 |
|
1 |
|
(18) |
|
(22) |
Amounts deducted from profit and loss reserve in respect of shares issued to the Qualifying Employee Ownership Trust |
- |
|
- |
|
(5) |
|
(5) |
Issue of ordinary shares |
- |
|
- |
|
7 |
|
12 |
Net movement in equity shareholders' deficit |
68 |
|
41 |
|
54 |
|
(17) |
Opening equity shareholders' deficit - previously reported |
- |
|
- |
|
(323) |
|
- |
Prior year adjustment |
- |
|
- |
|
(22) |
|
- |
Opening equity shareholders' deficit |
(597) |
|
(362) |
|
(345) |
|
(345) |
Closing equity shareholders' deficit |
(529) |
|
(321) |
|
(291) |
|
(362) |
|
|
* |
US dollar equivalents are provided for reader convenience at the 30 June 2003 exchange rate of £1:US$1.650. |
Source: Interim results 2003 news release
|