Consolidated statement of recognised income and expense

Year ended 31 March 2009

    Note   2009
£m		   2008
£m
Income and expense recognised directly in equity            
Net investment hedges:            
Exchange differences on foreign currency net investments       53.1   49.2
Exchange differences on foreign currency borrowings designated as net investment hedge       (36.8)   (47.1)
Loss on financial instruments designated as net investment hedges       –   (7.8)
Tax on portion of losses designated as post-tax net investment hedges   6   –   7.8
      16.3   2.1
Actuarial (losses)/gains   21   (118.1)   10.7
Cash flow hedges – transferred to income statement       (48.6)   1.5
Cash flow hedges – gains deferred in equity       40.3   4.5
Share of joint ventures’ income recognised in equity       1.7   2.7
Tax on items taken directly to equity   6 34.9   (4.5)
Net (expense)/income recognised directly in equity       (73.5)   17.0
Profit for the year       74.3   54.7
Total recognised income and expense for the year   26   0.8   71.7
Attributable to equity shareholders   26   1.2   70.6
Attributable to minority interests   26   (0.4)   1.1
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