3 Dividends.

A dividend distribution to the Company’s shareholders is recognised as a liability in the period in which the dividends are authorised and are no longer at the discretion of the Company. Final dividends are accrued when approved by the Company’s shareholders at a general meeting and interim dividends are recognised when paid.

(XLS:) Dividends

 

Per share
2012
p

Total
2012
£m

Per share
2011
p

Total
2011
£m

1.

The dividend proposed has not been included as a liability in the balance sheet.

Ordinary share dividends paid in the year

 

 

 

 

– Prior year final dividend

4.74

278

3.42

201

– Current year interim dividend

1.96

116

1.66

97

 

6.70

394

5.08

298

Ordinary share dividend proposed1

5.69

336

4.74

279