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Notes to the Company Financial Statements

9. Other reserves and retained earnings

All figures in millions Special
reserve
Retained
earnings
Total
At 1 January 2006 447 1,026 1,473
Profit for the financial year 78 78
Dividends paid (220) (220)
Balance at 31 December 2006 447 884 1,331
Loss for the financial year (43) (43)
Dividends paid (238) (238)
At 31 December 2007 447 603 1,050

The special reserve represents the cumulative effect of cancellation of the Company’s share premium account.

Included within retained earnings in 2007 is an amount of 131m (2006: 99m) relating to profit on intra-group disposals that is not distributable.

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