bat plc annual report 2007 - Group statement of changes in total equity

 
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Annual Report and Accounts 2007

For the year ended 31 December

 Notes2007
£m
2006
£m
Differences on exchange 312 (685)
Cash flow hedges   
– net fair value gains 15 13
– reclassified and reported in profit for the year (42)(15)
Available-for-sale investments   
– net fair value gains/(losses) 1 (2)
– reclassified and reported in profit for the year 1  
Net investment hedges   
– net fair value (losses)/gains (35)117
Tax on items recognised directly in equity6c (19)(12)
Net gains/(losses) recognised directly in equity 233 (584)
Profit for the year (Group income statement) 2,287 2,048
Total recognised income for the year 2,520 1,464
– shareholders’ equity 2,348 1,334
– minority interests 172 130
Employee share options   
– value of employee services27 37 41
– proceeds from shares issued 27 28
Dividends and other appropriations   
– ordinary shares8 (1,198)(1,008)
– to minority interests (173)(137)
Purchase of own shares   
– held in employee share ownership trusts (41)(77)
– share buy-back programme (750)(500)
Acquisition of minority interests (9)(13)
Other movements (3)13
  410 (189)
Balance 1 January20 6,688 6,877
Balance 31 December20 7,098 6,688

The increase in total equity of £410 million (2006: £189 million decrease) comprised £419 million increase (2006: £169 million decrease) in respect of shareholders’ funds and £9 million decrease (2006: £20 million decrease) in respect of minority interests.

See Notes on the accounts, Principal subsidiary undertakings and Principal associate undertakings

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