- Financial Statements
Notes to the Consolidated Financial Statements
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for the year to 31 December 2007
33. Retained earnings
| £m | |
| Balance at 1 January 2006 | 1,006.8 |
| Dividends paid | (79.7) |
| Transfers to share premium account | 0.7 |
| Share-based payment credit | 6.1 |
| Cash cost of satisfying share options | (8.0) |
| Actuarial losses net of deferred tax | (1.1) |
| Net profit for the year | 289.5 |
| Balance at 31 December 2006 | 1,214.3 |
| Dividends paid | (117.3) |
| Transfers to share premium account | 0.7 |
| Share-based payment credit | 0.6 |
| Cash cost of satisfying share options | (8.9) |
| Actuarial gain net of deferred tax | 61.7 |
| Transfer from revaluation reserve | 1.0 |
| Replacement options granted on acquisition of George Wimpey Plc | 2.9 |
| Net loss for the year | (197.9) |
| Balance at 31 December 2007 | 957.1 |