directors report and accounts 2006 - Group statement of changes in total equity for the year ended 31 December

 
 

 Group statement of changes in total equity for the year ended 31 December

 2006 £m2005 Restated £m
Differences on exchange(685)425
Cash flow hedges(2)58
Available-for-sale investments(2) 
Net investment hedges117 (52)
Tax on items recognised directly in equity(12)(41)
Net (losses)/gains recognised directly in equity(584)390
Profit for the year (Group income statement)2,048 1,894
Total recognised income for the year 1,464 2,284
– shareholders’ equity1,334 2,128
– minority interests130 156
Employee share options69 72
Dividends and other appropriations  
– to British American Tobacco shareholders(1,008)(910)
– to minority interests(137)(112)
Purchase of own shares  
– held in Employee Share Ownership Trusts(77)(48)
– share buy-back programme(500)(501)
Other movements 17
 (189)802
Balance 1 January (Group balance sheet)6,877 6,117
Change in accounting policy (Changes in accounting policy) (42)
Balance 31 December6,688 6,877

Total equity comprised £6,461 million of shareholders’ funds (2005: £6,630 million), after deducting cost of own shares held in Employee Share Ownership Trusts of £197 million (2005: £182 million), and minority interests of £227 million (2005: £247 million).