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    Note   2007
£m
  2006
£m
Net (loss)/gain on effective portion of changes in fair value of forward exchange contracts   21   (1.1)   1.7
Associated deferred tax on changes in fair value of forward exchange contracts       0.3   (0.5)
Net (loss)/gain on changes in fair value of effective portion of net investment hedges       (6.3)   7.6
Actuarial gains arising on pension schemes   9   5.9   2.2
Current and deferred tax on actuarial gains on pension schemes       (3.7)   (0.6)
Foreign exchange movements on translation of overseas operations       26.0   (19.9)
Current and deferred tax on foreign exchange movements recognised directly in equity       (0.6)   (0.1)
Net income/(expense) recognised in equity in respect of year       20.5   (9.6)
Profit for the year       86.2   61.4
Total recognised income and expense for the year attributable to equity shareholders       106.7   51.8