Group Statement of Recognised Income and Expense

For the year ended 31 December 2008

	Note	2008 £m	2007* £m
Income and expense recognised directly in equity
Exchange differences on retranslation of foreign operations		413.7	82.9
Exchange differences on retranslation of foreign currency borrowings		(264.2)	(89.1)
Exchange differences on retranslation of minority interests		1.3	0.2
Actuarial (losses)/gains on defined benefit pension plans	35	(24.8)	11.7
(Loss)/gain on cash flow hedges taken to equity		(79.4)	21.5
		46.6	27.2
Transfers to the income statement
On cash flow hedges		(9.2)	(1.0)
		(9.2)	(1.0)
Tax on exchange differences		17.6	14.3
Tax on share-based payments		(1.6)	0.4
Deferred tax on actuarial gains		7.0	(3.5)
Deferred tax on cash flow hedges		24.8	(6.1)
Tax on items taken directly to or transferred from equity		47.8	5.1
Net gain recognised directly in equity		85.2	31.3
Profit for the financial year		118.8	105.1
Profit attributable to minority interests		0.9	0.5
Total recognised income and expense for the year		204.9	136.9
Income and expense attributable to equity shareholders		202.7	136.2
Income attributable to minority interests		2.2	0.7
		204.9	136.9

*Adjusted for the final purchase price allocation in relation to Continental Auto and The Kings Ferry Limited in accordance with IFRS 3.

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