CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE

Note		2007 £m	2006 £m
Profit for the year		122.3	251.5
Foreign exchange differences on translation of foreign operations	36	1.8	(21.9)
Fair value movements on available-for-sale investments	36	0.2	(26.7)
Change in value of hedges recorded in equity	36	19.8	11.3
Actuarial gains on defined benefit pension schemes	36	207.1	34.6
Current tax on items recognised in equity	9, 36	0.3	(0.3)
Deferred tax on actuarial movement	34, 36	(60.9)	(10.4)
Deferred tax on other items recognised directly in equity	34, 36	1.2	3.1
Total recognised income and expense for the year before transfers		291.8	241.2
Transfers
Impairment of GCap Media plc recognised in income statement	36	24.4	–
Translation reserves recyled to income statement on disposals	36	(0.1)	–
Transfer of gain on cash flow hedges from fair value reserves to income statement	36	(2.7)	–
Transfer to income statement on disposal of available-for-sale assets	36	–	(15.7)
Transfers		21.6	(15.7)
Total recognised income and expense for the year		313.4	225.5
Attributable to :
Equity shareholders		296.0	213.8
Minority interests		17.4	11.7
Total recognised income and expense for the year		313.4	225.5