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Annual Review
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Financial statements
Reconciliation of Movement in Reserves for the year ended 31 March 2001
Note
2001
£m
2000
£m
Surplus/(deficit) for the financial year
10.2
(2.4
)
Opening reserves
114.0
116.4
Closing reserves
11
124.2
114.0
There were no recognised gains or losses other than as stated in the statement of income and expenditure.
^^
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