34 RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

  Share capital
£’000
Share
premium
£’000
Share-
based
payments
£’000
Net
unrealised
gain reserve
£’000
Capital
redemption
reserve
£’000
At 1st January 2007 20,356 108,850 174 1,431
Net proceeds of issue of new shares 127 761
Share issue costs (23)
Purchase of own shares (200) 200
Share-based payments 213 (110)
Fair value adjustment to available-for-sale assets 407
At 31st December 2007 20,283 109,801 64 407 1,631
  Retained earnings
£’000
At 1st January 2007 13,470
Purchase of own shares (2,019)
Share-based payments (103)
Loss for the year (1,435)
Final dividend 2006 (1,842)
Interim dividend 2007 (983)
As at 31st December 2007 7,088

The loss after tax of the Company was £1,435,000 (2006: £11,514,000 loss).

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