Company Reconciliation of Movements in Total Equity - Company Financial Statements - Annual Report and Accounts 2006

For the year ended 31 December 2006
	2006 £m	2005 £m
At 1 January	4,646	4,019
Total recognised gains and losses	1,528	960
Net movements in employee share schemes and treasury shares	3	13
Dividend distributions to ordinary equity holders of the Company during the year	(349)	(347)
Issue of ordinary share capital	15	1
Net change in hedging reserve	(3)	-
Transfer from share-based payments reserve	2	-
Reclassification of subordinated borrowings from equity to debt	(394)	-
Fair value loss after tax on reclassification of subordinated borrowings as debt	(28)	-
At 31 December	5,420	4,646