Consolidated statement of recognised income and expense
For the year ended December 31, 2008
| Notes | 2008 £m |
2007 £m |
|
| Foreign exchange translation differences from foreign operations | 603 | 117 | |
| Net actuarial gains | 18 | 944 | 511 |
| Movement in unrecognised post-retirement surplus | 18 | (928) | (112) |
| Transfers from transition hedging reserve | 16 | (80) | (149) |
| Transfers to cash flow hedging reserve | 10 | (41) | — |
| Related tax movements | 4 | 15 | (86) |
| Change in rates of corporation tax | 4 | — | (9) |
| Net income recognised directly in equity | 513 | 272 | |
| (Loss)/profit for the year | (1,345) | 600 | |
| Total recognised income and expense for the year | (832) | 872 | |
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| Attributable to: | |||
| Equity holders of the parent | (829) | 878 | |
| Minority interests | (3) | (6) | |
| Total recognised income and expense for the year | (832) | 872 | |
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