Notes to the Consolidated Financial Statements

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for the year to 31 December 2007

34. Reconciliation of movements in consolidated equity

2007
£m
2006
£m
Total recognised income for the year (112.2) 241.5
Dividends on equity shares (117.3) (79.7)
New share capital subscribed 2,075.3 3.8
Replacement options granted on acquisition of George Wimpey Plc 2.9
Disposal of own shares 14.6 15.0
Purchase of own shares (251.6) (6.1)
(Decrease)/Increase in share-based payment tax reserve (2.6) 4.2
Share-based payment charge 0.6 6.1
Cash cost of satisfying share options (8.9) (8.0)
Decrease in other reserve (0.6)
Dividends to minority shareholders (1.1)
Net increase in equity 1,599.7 176.2
Opening equity 2,105.5 1,929.3
Closing equity 3,705.2 2,105.5