Consolidated reconciliation of movements in shareholders' funds

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for the years ended 31 March

 
 
 
2004
 
US$m
2003
Restated
US$m
Profit for the financial year 645 296
Other recognised gains and losses relating to the year (net) 300 431
Net proceeds of ordinary shares issued for cash 10 2
Dividends declared by SABMiller plc (358) (283)
Payments for purchase of own shares for share trusts (10) (12)
Credit entry re the charge in respect of share option schemes 6 1
Nominal value of shares issued for the acquisition of Miller Brewing Company 43
Merger relief reserve arising on shares issued for the acquisition of Miller Brewing Company 3,395
Goodwill written back on the partial disposal of subsidiary 8
Net increase in shareholders’ funds 593 3,881
Shareholders’ funds at start of year 5,572 1,691
Shareholders’ funds at start of year as previously reported 5,572 2,309
Prior year adjustment in respect of adoption of UITF 38 (618)
Shareholders’ funds at end of year 6,165 5,572

The amount of cumulative goodwill in respect of purchased subsidiary and associated undertakings which has been set off against shareholders’ funds prior to 31 March 1998 was US$187 million at 31 March 2004 (2003: US$167 million).

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