• prev: Consolidated cash flow statement
• next: Summary of movements in equity
• back: Financial statements menu

For the year ended December 31, 2005

	2005 £m	2004 £m
Foreign exchange adjustments1	49	(38)
Actuarial losses	(282)	(7)
Deferred taxation on actuarial losses	84	2
Transfers from transition hedging reserve	(324)
Transfers from cash flow hedging reserve	3
Other adjustments	—	2
Net expense recognised directly in equity	(470)	(41)
Profit for the period	347	264
Total recognised income and expense for the period	(123)	223
Attributable to:
Equity holders of the parent	(120)	222
Minority interest	(3)	1
Total recognised income and expense for the period	(123)	223
Total recognised income and expense for the period	(123)	223
Adjustments relating to implementation of IAS 32 and IAS 39 from January 1, 20052	151
	28	223

1. Loss on net investment hedge relating to foreign subsidiaries £26m (2004 £19m gain).
2. See note 33.