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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.