Notes 21-25
- 21. Transactions with equity shareholders
- 22. Movements in accumulated other recognised income and expense
- 23. Movements in retained losses
- 24. Capital and financial risk management
- 25. Borrowings
23. Movements in retained losses
2009 £m |
2008 £m |
Restated 2007 £m |
|
|---|---|---|---|
| 1 April | (81,980) | (85,253) | (67,431) |
| Profit/(loss) for the financial year | 3,078 | 6,660 | (5,351) |
| Equity dividends (note 7) | (4,017) | (3,653) | (3,566) |
| Loss on issue of treasury shares | (44) | (60) | (43) |
| B share capital redemption | (15) | (7) | (5,713) |
| B share preference dividend | − | − | (3,291) |
| Cancellation of shares | (755) | − | – |
| Equity put rights and similar obligations(1) | − | 333 | 142 |
| Transactions with minority shareholders | (87) | − | − |
| 31 March | (83,820) | (81,980) | (85,253) |
Note:
- (1)
- In the year ended 31 March 2008, a charge of £333 million, representing the fair value of put options granted by the Group over the Essar group’s interest in Vodafone Essar, has been recognised as an expense. The offsetting credit was recognised in retained losses, as no equivalent liability arose in respect of the fair value of the put options granted.