Reconciliation of movements in consolidated shareholders' funds - EEV basis
For the year ended 31 December 2004
| 2004 £m |
Restated* 2003 £m |
||
|---|---|---|---|
| Shareholders’ funds at the beginning of the year, as originally reported on an achieved profits basis | 9,668 | ||
| Prior year adjustment | (364) | ||
| Shareholders’ funds at the beginning of the year, as restated | 10,752 | 9,304 | |
| Total recognised gains arising in the year | 1,504 | 2,008 | |
| Dividends and appropriations | (598) | (562) | |
| Movement in shares held by employee trusts | 1 | - | |
| Increase in share capital | 25 | 2 | |
| Issue of direct capital instrument | 990 | - | |
| Issue costs of direct capital instrument | (9) | - | |
| Shares issued in lieu of dividend | 103 | - | |
| Goodwill written back | 169 | - | |
| Shareholders' funds at the end of the year on an EEV basis | 12,937 | 10,752 | |
| * Restated for the effect of implementing European Embedded Value principles. | |||
