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ANNUAL REPORT AND ACCOUNTS 2008

Notes to the parent company
financial statements

5 Retained profits

£m

At 1 January 2007

2,026

Profit for the year

1,855

Dividends

(1,957)

Purchase/sale of treasury shares

(19)

Employee share option schemes: value of employee services

30

At 31 December 2007

1,935

Profit for the year

2,256

Dividends

(2,042)

Purchase/sale of treasury shares

(14)

Employee share option schemes: value of employee services

12

At 31 December 2008

2,147

Details of the Company's dividends are as set out in note 45 to the consolidated financial statements.

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