Annual report and financial statements 2008

Consolidated statement of recognised income and expense

	52 weeks ended 29 March 2008 £m	52 weeks ended 31 March 2007 £m
Profit for the year	821.0	659.9
Foreign currency translation differences	21.3	(14.0)
Actuarial gains/(losses) on retirement benefit asset/deficit	605.4	(8.6)
Cash flow and net investment hedges
– losses deferred in equity	(33.5)	(7.4)
– recycled and reported in net profit	1.3	10.7
– amount recognised in inventories	2.4	2.1
Tax on items taken directly to equity	(185.7)	24.5
Net gains not recognised in the income statement	411.2	7.3
Total recognised income and expense for the year	1,232.2	667.2
Attributable to:
Equity shareholders of the Company	1,232.9	667.2
Minority interests	(0.7)	–
	1,232.2	667.2