| 2009 | 2008 |
|---|---|---|
Accruals and deferred income | 0.1 | 0.3 |
Preference shares | – | 0.1 |
| 0.1 | 0.4 |
| 2009 | 2008 |
|---|---|---|
Authorised, issued, called up and fully paid: |
|
|
100,000 4% cumulative preference shares of £1 each | – | 0.1 |
Following High Court approval on 11 June 2008, the Company cancelled and repaid the 4% cumulative preference shares of Guardian Media Group plc together with the accrued dividend up to and including the date of cancellation.