Notes to the Consolidated Financial Statements continued

for the year ended 31 December 2007

35 Reconciliation of movements in shareholders' equity

    2007   2006 as restated1
    €m   €m
Profit for the year attributable to the equity holders of the Company   3.0   1.5

Net income/(expense) recognised directly in equity (see Statement of Recognised Income and Expense)
  11.1   (2.5)
Total recognised income and expense attributable to equity holders of the Company   14.1   (1.0)
Increase in equity reserve arising from charge to income for share options in the period   0.4   0.2
Purchase of own shares (see Note 30)   (3.0)  
Own shares released on vesting of share awards (see Note 30)   0.2   0.4
Exchange movements on own shares   0.2  
Net increase/(decrease) in shareholders’ equity   11.9   (0.4)
         
At 1 January – as previously reported   88.9   85.8
Impact of restatement in Avis Portugal (see Note 33)   (4.6)   (1.1)
At 1 January – as restated   84.3   84.7
At 31 December   96.2   84.3