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Annual Report and Financial Statements 2003
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 Reconciliation of movements in equity shareholders' funds
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> Full financials > Shareholder's funds
 
 
    Group   Company
       
    2003
£m
2002
£m
  2003
£m
2002
£m
 
  Profit for the financial year 454 364   348 131
  Equity dividends (298) (285)   (298) (285)
 
    156 79   50 (154)
  Currency translation differences (4) 1   (33)
  Proceeds from ordinary shares issued for cash (note 27) 3 21   3 21
  Amounts deducted in respect of shares issued to the QUEST (4)   (4)
 
  Net movement in equity shareholders’ funds 155 97   20 (137)
  Opening equity shareholders’ funds 4,848 4,751   4,282 4,419
 
  Closing equity shareholders’ funds 5,003 4,848   4,302 4,282
 
 
  Notes to the financial statements.          

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