| Group |
2008 £m |
2007 £m |
|
| At 1 April |
(199.0) | (218.3) | |
| Profit for the year attributable to equity shareholders |
8.5 | 24.7 | |
| Disposal of subsidiaries | – | (5.4) | |
| At 31 March | (190.5) | (199.0) |
| Company |
2008 £m |
2007 £m |
|
| At 1 April |
(227.3) | (225.1) | |
| Profit/(loss) for the year |
3.3 | (27.2) | |
| Transfer of merger reserve on realisation | – | 25.0 | |
| At 31 March | (224.0) | (227.3) |
Profit for the year
As permitted by section 230 of the Companies Act 1985, the parent Company’s
income statement has not been included. The result for the financial year
of the parent Company was a profit of £3.3 million (2007: loss of £27.2
million). This is stated after charging the parent Company’s element
of the loss on disposal of businesses of £nil (2007: £29.6 million),
pension curtailment losses of £nil (2007: £0.8 million), income
in respect of pension past service credits of £nil (2007: £2.0
million) and acquisition and Rights Issue costs of £1.1 million (2007:
£nil).