Notes to the company financial statements
Year ended 31 July 2009

8. Profit and loss reserve


£m
At 1 August 2008   1,461
New share capital subscribed   720
Purchase of own shares by employee benefit trust   (5)
Profit for the period   794
Equity-settled employee share options   9
At 31 July 2009   2,979

Included in the profit and loss reserve is an amount of £1,838 million which may not be distributable. The balance of £1,141 million is distributable.