34. RESERVES        
Information in respect of share-based payments is set out in note 18 of the Group financial statements.
  Share capital
£’000		 Share
premium
£’000		 Share
based
payments
£’000		 Capital
redemption
reserve
£’000
At 1st January 2006 18,361 87,635 174 1,431
Net proceeds of issue of new shares 1,995 21,215 – –
At 31st December 2006 20,356 108,850 174 1,431
         
  Retained earnings
£’000
As previously reported       27,374
Retained loss for the year       (13,904)
As at 31st December 2006       13,470
         
The loss after tax of the Company was £11,514,000 (2005: £6,662,000 profit).