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For the 12 months ended 30 June

Group Company
Note 2019
£m
2018
£m
2019
£m
2018
£m
Profit for the year 329 308 486 1
Other comprehensive (expense)/income for the year (6) 18 (6) 18
Total comprehensive income relating to the year (net) 323 326 480 19
Dividend paid 5, 18 (218) (74) (218) (74)
Movement in LTIP/SAYE 18 (3) (4) - -
Net increase/(decrease) in equity 102 248 262 (55)
Opening equity 1,483 1,235 749 804
Closing equity 1,585 1,483 1,011 749

The above items are presented net of tax where appropriate. See note 4 and note 11 for information on income tax and deferred tax expense.

As permitted by Section 408 of the Companies Act 2006, the Income Statement of Redrow plc is not presented as a part of these financial statements.

The consolidated profit on ordinary activities after taxation for the financial year, excluding intra-Group dividends, is made up as follows:

2019
£m
2018
£m
Holding company (14) 1
Subsidiary companies 343 307
329 308
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