Group Statement of Recognised Income and Expense

Year ended 31 December Notes 2006
m
  2005
m
(Loss)/profit for the year   (154)   1,013
Gains on revaluation of acquired assets 26   14
Gains on revaluation of available-for-sale investments 26   2
(Losses)/gains on cash flow hedges 26 (645)   408
Exchange differences on translation of foreign operations 26 (23)   13
Actuarial gains/(losses) on defined benefit pension schemes 26 475   (126)
Tax on items taken directly to equity 26 73   (109)
Net (expense)/income recognised directly in equity   (120)   202
Transferred to income and expense on cash flow hedges 26 (294)   (74)
Tax on items transferred from equity 26 96   25
Transfers   (198)   (49)
Total recognised income and expense for the year   (472)   1,166
Change in accounting policy: adoption of IAS 39 and IAS 32     (343)
Total recognised income and expense since last report   (472)   823
Total income and expense recognised in the year is attributable to:        
Equity holders of the parent   (473)   1,165
Minority interests   1   1
    (472)   1,166