9Reconciliation of movements in shareholders’ funds
| 2008 | 2007 |
|---|---|---|
(Loss)/profit attributable to shareholders | (1,424) | 148,324 |
Equity dividends | (26,383) | (18,547) |
| (27,807) | 129,777 |
New share capital issued | − | 5,509 |
Purchase of treasury shares | (40,286) | (120,419) |
Appropriation for future cancellation of shares | − | (8,142) |
Proceeds on issue of treasury shares on exercise of share options | 5,581 | 13,383 |
Credit in respect of FRS 20 employee share scheme charges | 15,409 | 16,786 |
Net addition to/(reduction in) shareholders’ funds | (47,103) | 36,894 |
Opening shareholders’ funds | 463,117 | 426,223 |
Closing shareholders’ funds | 416,014 | 463,117 |