Notes to the consolidated financial statements
- « 43 Other reserves
- 44 Retained profits
- 45 Ordinary dividends »
44 Retained profits
|
2008 |
2007 |
|
|---|---|---|
|
At 1 January |
9,471 |
8,124 |
|
Profit for the year |
819 |
3,289 |
|
Dividends |
(2,042) |
(1,957) |
|
Purchase/sale of treasury shares |
16 |
(1) |
|
Employee share option schemes – value of employee services |
(4) |
16 |
|
At 31 December |
8,260 |
9,471 |
Retained profits are stated after deducting £40 million (2007: £75 million) representing 15 million (2007: 15 million) treasury shares held.
Value of employee services includes a credit of £12 million (2007: £30 million) reflecting the income statement charge in respect of SAYE and executive options, together with a related tax charge of £16 million (2007: tax charge £14 million). Purchase/sale of treasury shares includes a credit of £31 million (2007: £29 million) relating to the cost of other share scheme awards.