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The Group

Note Share
capital
£m 
Share
premium
account
£m 
Other
reserves
£m 
Retained
earnings
£m 
Total
£m
Total equity at 1 July 2019 37 59 8 1,481 1,585
Profit for the year - - - 113 113
Other comprehensive income for the year - - - 1 1
Total comprehensive income relating to the year (net) - - - 114 114
Dividends paid - distributions to owners 5 19 - - - (72) (72)
Movement in LTIP/SAYE 19 - - - (1) (1)
Total equity at 28 June 2020 37 59 8 1,522 1,626
Profit for the year - - - 254 254
Other comprehensive income for the year - - - 7 7
Total comprehensive income relating to the year (net) - - - 261 261
Dividends paid - distributions to owners 5 19 - - - (21) (21)
Movement in LTIP/SAYE 19 - - - 6 6
Total equity at 27 June 2021 37 59 8 1,768 1,872

The Company

Note Share
capital
£m 
Share
premium
account
£m 
Other
reserves
£m 
Retained
earnings
£m 
Total
£m
Total equity at 1 July 2019 37 59 7 908 1,011
Profit for the year - - - 2 2
Other comprehensive income for the year - - - 1 1
Total comprehensive income relating to the year (net) - - - 3 3
Dividends paid - distributions to owners 5  19 - - - (72) (72)
Movement in LTIP/SAYE 19 - - - - -
Total equity at 28 June 2020 37 59 7 839 942
Profit for the year - - - - -
Other comprehensive income for the year - - - 7 7
Total comprehensive income relating to the year (net) - - - 7 7
Dividends paid - distributions to owners 19 - - - (21) (21)
Movement in LTIP/SAYE 19 - - - - -
Total equity at 27 June 2021 37 59 7 825 928

The above items are presented net of tax where appropriate. See note 4 and note 12 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:

2021
£m
2020
£m
Holding company - 2
Subsidiary companies 254 111
254 113

The accompanying notes form an integral part of the financial statements