- Financial Statements
Notes to the Consolidated Financial Statements
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for the year to 31 December 2007
28. Revaluation reserve
| £m | |
| Balance at 1 January 2006 | 0.5 |
| Net surplus on revaluation | 1.0 |
| Balance at 31 December 2006 | 1.5 |
| Transfer to retained earnings | (1.0) |
| Balance at 31 December 2007 | 0.5 |
The revaluation reserve is not a distributable reserve until realised.