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| All figures in £ millions | |||||
|---|---|---|---|---|---|
| Investment in subsidiaries | |||||
| At 31 December 2003 | 6,343 | ||||
| Subscription for share capital in subsidiary | 915 | ||||
| Provision for diminution in value | (100) | ||||
| Revaluations | (24) | ||||
| At 31 December 2004 | 7,134 | ||||
| Note Shares are stated at cost less provisions for diminution in value or directors' valuations. | |||||
| All figures in £ millions | Share premium account |
Special reserve |
Other reserves |
Profit and loss account |
Total |
| Reserves | |||||
| Summary of movements | |||||
| At 31 December 2003 | 2,469 | 397 | 17 | 710 | 3,593 |
| Exchange differences | - | - | - | (20) | (20) |
| Premium on issue of equity shares | 4 | - | - | - | 4 |
| Net amount received in respect of ESOP shares | - | - | 9 | - | 9 |
| Profit for the financial year | - | - | - | 946 | 946 |
| Dividends on equity shares | - | - | - | (201) | (201) |
| At 31 December 2004 | 2,473 | 397 | 26 | 1,435 | 4,331 |
Note The special reserve represents the cumulative effect of cancellation of the company's share premium account. As permitted by section 230(4) of the Companies Act 1985, only the Group's profit and loss account has been presented.
