QBE European Operations plc
QBE European Operations plc
QBE European Operations plc
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<strong>QBE</strong> <strong>European</strong> <strong>Operations</strong> <strong>plc</strong> Annual report 2011<br />
47<br />
Reconciliation of movement<br />
in Group shareholders’ funds<br />
For the year ended 31 December 2011<br />
2011 2010<br />
Notes £000 £000<br />
Profit for the financial year 20 95,052 194,159<br />
Other recognised gains 20 22,427 46,920<br />
Dividends 20 (600,054) (430,000)<br />
Capital reduction 20 (23,300) –<br />
Issue of ordinary share capital – 545,490<br />
Net (decrease)/increase in shareholders’ funds (505,875) 356,569<br />
Opening shareholders’ funds 20 2,196,978 1,840,409<br />
Closing shareholders’ funds 20 1,691,103 2,196,978<br />
The notes set out on pages 50 to 81 form an integral part of these financial statements.<br />
Financial statements
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