6. Profit attributable to preference shareholders
| Dividends paid to equity preference shareholders 2006 £m |
Finance cost included in interest payable 2006 £m |
Dividends paid to equity preference shareholders 2005 £m |
Finance cost included in interest payable 2005 £m |
Finance cost of preference shares 2004 £m |
|
| Non-cumulative preference shares of US$0.01 | 92 | 86 | 58 | 115 | 105 |
| Non-cumulative convertible preference shares of US$0.01 | — | 50 | — | 73 | 90 |
| Non-cumulative convertible preference shares of €0.01 | — | — | — | 9 | 33 |
| Non-cumulative preference shares of €0.01 | 99 | — | 51 | — | 4 |
| Non-cumulative convertible preference shares of £0.01 | — | 15 | — | 15 | 15 |
| Appropriation for premium payable on redemption and issue costs | — | 6 | — | 8 | 9 |
| Total (3) | 191 | 157 | 109 | 220 | 256 |
Notes:
(1) In the year ended 31 December 2006, dividends of £55,000 (2005 and 2004 – £55,000) were paid on the 11% cumulative preference shares of £1 and dividends of £22,000 (2005 and 2004 – £22,000) were paid on the 5.5% cumulative preference shares of £1.
(2) Following the implementation of IAS 32 on 1 January 2005, several of the Group’s preference share issues are now included in subordinated liabilities and the related finance cost in interest payable.
(3) Between 1 January 2007 and the date of approval of these accounts, dividends amounting to US$61 million have been declared in respect of equity preference shareholders for payment on 30 March 2007.
© 2007