30 Retained earnings


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Notes

2008
£m

2007
£m

As at 1 January

 

4,345

4,335

(Loss)/profit for the year

 

(1,067)

724

Dividend distributions to equity holders of the Company during the year

12

(367)

(369)

Actuarial gains/(losses) on defined benefit pension schemes

 

18

(40)

Actuarial (losses)/gains on defined benefit pension schemes transferred to unallocated divisible surplus

 

(8)

16

Transfer from/(to) share-based payments reserve

 

3

(7)

Cancellation of shares under the share buyback programme

 

(523)

(320)

Exchange gains

 

192

6

As at 31 December

 

2,593

4,345

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