Consolidated statement of recognised income and expense
Year ended 31 December 2008


All figures in £ millions Notes 2008 2007
Net exchange differences on translation of foreign operations 29 1,050 25
Actuarial (losses)/gains on retirement benefit obligations — Group 25 (71) 80
Actuarial losses on retirement benefit obligations — associate 12 (3)
Taxation on items charged to equity 7 2 29
Net income recognised directly in equity   978 134
Profit for the year   323 310
Total recognised income and expense for the year   1,301 444
Attributable to:      
Equity holders of the company   1,270 418
Minority interest   31 26