Reconciliation of movements in shareholder's funds
For the year ended December 31, 2008
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| 2008 £m |
2007 £m |
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| At January 1 | 2,607 | 2,755 | |||||
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| Loss for the year | (1) | (1) | |||||
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| Arising on issue of ordinary shares | 17 | 29 | |||||
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| Issue of B Shares | (237) | (172) | |||||
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| Conversion of B Shares into ordinary shares | 53 | 72 | |||||
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| Ordinary shares purchased | (71) | — | |||||
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| Share-based payment adjustments | 29 | (76) | |||||
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| At December 31 | 2,397 | 2,607 | |||||
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