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REUTERS GROUP PLC ANNUAL REPORT AND ACCOUNTS 1999

REUTERS GROUP PLC ANNUAL REPORT AND ACCOUNTS 1999

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Notes on the balance sheet of Reuters Group <strong>PLC</strong>35. Fixed asset investmentThe investment represents the shareholding of Reuters Group <strong>PLC</strong> in Reuters Investments Limited.36. Capital and reservesPROFIT <strong>AND</strong>CAPITAL SHARE LOSSCALLED-UP REDEMPTION PREMIUM MERGER <strong>ACCOUNTS</strong>HARE CAPITAL RESERVE ACCOUNT RESERVE RESERVE TOTAL£M £M £M £M £M £M31 December 1998 354 – 16 6,788 1,482 8,640Shares issued during the year 2 – 26 – – 28Shares repurchased during the year (1) 1 – – (25) (25)Retained loss for the year – – – – (1) (1)31 December <strong>1999</strong> 355 1 42 6,788 1,456 8,642Following the approval of a High Court Scheme of Arrangement, the majority of the issued share capital of Reuters Holdings <strong>PLC</strong> was acquired by Reuters Group<strong>PLC</strong> in February 1998. The merger reserve and profit and loss account reserve arose as a result of this transaction.The retained loss for the year represents dividends paid to shareholders and certain administrative costs less dividends from Reuters Investments Limited.72 Reuters Group <strong>PLC</strong> Annual Report <strong>1999</strong>

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