Consolidated Statement of Recognised
Income and Expense
For the year ended 31 December 2008

Note

2008

£m

2007

£m

Net loss on effective portion of changes in fair value of forward exchange contracts

21

(8.2)

(1.1)

Foreign exchange movements on translation of overseas operations

136.5

26.0

Net loss on changes in fair value of effective portion of hedges of net investment in overseas operations

(41.4)

(6.3)

Actuarial gains arising on pension schemes

9

2.3

5.9

Inclusion of Swiss pension plan

9

(0.5)

-

Tax on items recognised directly in equity

11

3.0

(4.0)

Net income recognised in equity in respect of year

91.7

20.5

Profit for the year

81.1

86.2

Total recognised income and expense for the year attributable to equity shareholders

172.8

106.7