text: **Consolidated** **Santos Ltd**
  
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              [html]<thead><tr><tdrowspan="2"colspan="2">18. Contributed Equity</td><tdcolspan="2">Co2004Smillion</td><tdcolspan="2">ated2003 $ million</td></tr><tr><td>S2004Smillion</td><td>Santos Ltd4n</td><td>Share capital</td><td>585.520.675 ( 2003 : 584.475.013 ) ordinary shares, fully paid</td></tr></thead><tbody><tr><tdcolspan="6">1.557.2</td></tr><tr><td>1.550.8</td><td>1.557.2</td><td>1.550.8</td><td>181.000 ( 2003 : 231.000 ) ordinary shares, paid to one cent</td><td>−</td><td>–</td></tr><tr><td>–</td><td>–</td><td>Nii ( 2003 : 3.500.000 ) reset convertible preference shares</td><td>–</td><td>342.3</td><td>–</td></tr><tr><td>342.3</td><td>6.000.000 ( 2003 : nil ) redeemable convertible preference shares</td><td>581.8</td><td>–</td><td>581.8</td><td>–</td></tr><tr><td>Movement in fully paid ordinary shares</td><td>Obte</td><td>2004Number of shares</td><td>2004Smillion</td><td>2003 $ million</td><td>Balance at the beginning of the year</td></tr><tr><td></td><td>584.475.013</td><td>582.782.293</td><td>1.550.8</td><td>1.542.5</td><td>Santos Executive Share Plan</td></tr><tr><tdcolspan="6">( a )</td></tr><tr><td></td><td>50.000</td><td>35.750</td><td>0.1</td><td>0.1</td><td>Santos Employee Share Acquisition Plan</td></tr><tr><td></td><td>( b )</td><tdcolspan="2">157.014</td><td>254.106</td><td>1.3</td></tr><tr><td>1.5</td><tdcolspan="2">Santos Employee Share Purchase Plan</td><td>( c )</td><td>123.648</td><td>152.864</td></tr><tr><td>0.9</td><td>1.0</td><td>Shares issued on exercise of options</td><td>( d )</td><td>715.000</td><td>1.250.000</td></tr><tr><td>4.1</td><td>5.7</td><td>Balance at the end of the year</td><td>585.520.675</td><td>584.475.013</td><td>1.557.2</td></tr><tr><td>1.550.8</td><td>Movement in reset convertible preference shares</td><td>Balance at the beginning of the year</td><td>3.500.000</td><td>3.500.000</td><td>342.3</td></tr><tr><td>342.3</td><td>Transfer to redeemable convertible preference shares</td><td>Table</td><td>–</td><td>7.7</td><td>–</td></tr><tr><td>Shares redeemed</td><tdcolspan="2">( f )</td><td>0 )</td><td>–</td><td>( 350.0 )</td></tr><tr><tdcolspan="6">–</td></tr><tr><tdcolspan="6">Balance at the end of the year</td></tr><tr><td>−</td><tdcolspan="2">3.500.000</td><td>–</td><td>342.3</td><td>Movement in redeemable convertible preference shares</td></tr><tr><td>Balance at the beginning of the year</td><tdcolspan="2">−</td><td>–</td><td>–</td><td>–</td></tr><tr><td>Shares issued</td><tdcolspan="2">( g )</td><td>6.000.000</td><td>–</td><td>600.0</td></tr><tr><td>–</td><tdcolspan="2">Share issue cost</td><td>−</td><td>–</td><td>( 10.5 )</td></tr><tr><tdcolspan="6">–</td></tr><tr><tdcolspan="6">Transfer from reset convertible preference shares</td></tr><tr><td>−</td><td>–</td><td>( 7.7 )</td><td>–</td><td>Balance at the end of the year</td><td>6.000.000</td></tr><tr><td>–</td><tdcolspan="2">581.8</td><td>–</td></tr><tr><tdcolspan="2"</tr><tr><tdcolspan="2"</tr></tbody>
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