Reconciliation of movement in shareholders' funds - 3i Annual Report and Accounts 2004



Chairman’s statement	Chief Executive’s statement	Our business focus	Operating and financial review	Case studies	Corporate governance	Financials
Financial statements	Additional financial information	Information for shareholders

Reconciliation of movement in shareholders' funds

	2004 £m	2003 £m
Opening balance	2,936	3,945

Revenue return	134	146
Capital return	397	(1,081)
Total return	531	(935)
Dividends	(84)	(81)
Proceeds of issues of shares	12	7
Movement in the year	459	(1,009)

Closing balance	3,395	2,936