Consolidated statement of recognised income and expense

For the year ended December 31, 2007
	Notes	2007 £m	2006 £m
Foreign exchange translation differences from foreign operations		117	(75)
Net actuarial gains	18	399	602
Transfers from transition hedging reserve	16	(149)	(289)
Related tax movements	5	(86)	(91)
Change in rates of corporation tax	5	(9)	—
Net income recognised directly in equity		272	147
Profit for the year		600	994
Total recognised income and expense for the year		872	1,141
Attributable to:
Equity holders of the parent		878	1,145
Minority interests		(6)	(4)
Total recognised income and expense for the year		872	1,141