 |
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|
Consolidated statement of recognised income and expense
| Note | 2006 £m |
2005 £m |
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| Net gain/(loss) on effective portion of changes in fair value of forward exchange contracts | 21 | 1.7 | (1.3) | |||
| Deferred tax on changes in fair value of forward exchange contracts | (0.5) | 0.4 | ||||
| Net gain/(loss) on changes in fair value of effective portion of net investment hedge | 7.6 | (1.9) | ||||
| Actuarial gain/(loss) arising on pension schemes | 9 | 1.8 | (4.1) | |||
| Exchange differences on pension schemes | 0.4 | – | ||||
| Current and deferred tax on actuarial gains and losses on pension schemes | (0.6) | 1.3 | ||||
| Foreign exchange difference on translation of overseas operations | (19.9) | – | ||||
| Current tax on foreign exchange differences | (0.1) | 0.4 | ||||
| Net expense recognised in equity in respect of year | (9.6) | (5.2) | ||||
| Profit for the year | 61.4 | 35.2 | ||||
| Total recognised income and expense for the year attributable to equity shareholders | 51.8 | 30.0 | ||||
| Change in accounting policy: adoption of IAS 39 Financial Instruments: Recognition and Measurement as at 1 January 2005 |
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| Hedging reserve: | ||||||
| Fair value of forward exchange contracts | – | 0.8 | ||||
| Deferred tax on forward exchange contracts | – | (0.2) | ||||
| Retained earnings: | ||||||
| Fair value of cross-currency interest rate swaps | – | (7.6) | ||||
| Fair value of average rate options | – | 1.7 | ||||
| Deferred tax on the above | – | 1.8 | ||||
| – | (3.5) | |||||
| 51.8 | 26.5 | |||||