Financial Statements

Notes to the Company Financial Statementsfor the year to 31 December 2008

18.Reconciliation of movement in shareholders' funds

2008
£m
2007
£m
Opening shareholders' funds 3,049.5 2,016.2
Dividends paid (107.9) (117.3)
Loss for the financial year (1,595.9) (687.1)
New share capital subscribed 2,075.3
Transfer of own shares 6.3 14.5
Purchase of own shares (251.6)
Replacement share options on acquisition of subsidiary 2.9
Loss on disposal of own shares (0.1) (3.4)
Closing shareholders' funds 1,351.9 3,049.5