Consolidated Statement of Changes in Equity

For the year ended 31 December 2014

Share capital
£m

Share premium
£m

Employee scheme treasury shares
£m

Capital redemp­tion and other reserves
£m

Retained earnings
£m

Total
£m

Non-controlling interests
£m

Total
equity
£m

As at 1 January 2014

148

959

(39)

57

4,517

5,642

265

5,907

Profit for the year

985

985

7

992

Exchange differences on translation of overseas operations

12

12

12

Actuarial losses on defined benefit pension schemes

(94)

(94)

(94)

Actuarial losses on defined benefit pension schemes transferred to unallocated divisible surplus

38

38

38

Net change in financial investments designated as available-for-sale

26

26

26

Total comprehensive income for the year

38

929

967

7

974

Options exercised under share option schemes:

 

 

 

 

 

 

 

 

– Executive share option schemes

– Savings related share option scheme

1

10

11

11

Shares purchased

(7)

(7)

(7)

Shares vested

9

(17)

(8)

(8)

Employee scheme treasury shares:

 

 

 

 

 

 

 

 

– Value of employee services

20

20

20

Share scheme transfers to retained earnings

(17)

(17)

(17)

Dividends

(580)

(580)

(580)

Movement in third party interests

3

3

Currency translation differences

19

(19)

As at 31 December 2014

149

969

(37)

117

4,830

6,028

275

6,303

For the year ended 31 December 2013

Share capital
£m

Share
premium
£m

Employee scheme treasury shares
£m

Capital redemption and other reserves
£m

Retained earnings
£m

Total
£m

Non-controlling interests
£m1

Total
equity
£m

1.

The Consolidated Statement of Changes in Equity has been restated to reflect the adoption by the group of IFRS 10, ‘Consolidated Financial Statements’. Further details are contained in Note 1. The impact is to increase the total equity by £207m for 2013.

As at 1 January 2013

148

956

(43)

153

4,227

5,441

178

5,619

Profit for the year

893

893

13

906

Exchange differences on translation of overseas operations

(16)

(16)

(16)

Actuarial losses on defined benefit pension schemes

(145)

(145)

(145)

Actuarial losses on defined benefit pension schemes transferred to unallocated divisible surplus

49

49

49

Net change in financial investments designated as available-for-sale

(88)

(88)

(88)

Total comprehensive income/(expense) for the year

(104)

797

693

13

706

Options exercised under share option schemes:

 

 

 

 

 

 

 

 

– Executive share option schemes

1

1

1

– Savings related share option scheme

2

2

2

Shares purchased

(12)

(12)

(12)

Shares vested

16

(19)

(3)

(3)

Employee scheme treasury shares:

 

 

 

 

 

 

 

 

– Value of employee services

28

28

28

Share scheme transfers to retained earnings

(29)

(29)

(29)

Dividends

(479)

(479)

(479)

Movement in third party interests

74

74

Currency translation differences

(1)

1

As at 31 December 2013

148

959

(39)

57

4,517

5,642

265

5,907