Notes to the Consolidated Financial Statements continued

for the year ended 31 December 2007

32 Retained deficit

    2007   2006 as restated1
    €m   €m
At 1 January – as previously reported   (290.5)   (299.0)
Impact of restatement in Avis Portugal (see Note 33)   (4.6)   (1.1)
At 1 January – as restated   (295.1)   (300.1)
Profit for the year attributable to equity holders of the Company1   3.0   1.5
Increase in equity reserve arising from charge to income for share options in the year   0.4   0.2
Net actuarial gains on retirement benefit obligations   14.9   2.9
Taxation on actuarial gains (see Note 7)   (3.4)   0.4
At 31 December   (280.2)   (295.1)
         

Goodwill of €1,080.4 million arising before 1 March 1998 is fully written off to reserves.