Year ended 31 July 2006
| Notes | 2006
£m |
2005
£m |
|
|---|---|---|---|
| Profit for the financial year | 537 | 479 | |
| Net exchange adjustments offset in reserves | (124) | 57 | |
| Cash flow hedges | |||
| - fair value gains and losses | 14 | (11) | |
| - reclassified and reported in net profit for the year | (1) | - | |
| Actuarial gain/(loss) on retirement benefits | 7 | (4) | |
| Change in fair value of available-for-sale investments | (7) | - | |
| Tax (charge)/credit recognised in the income statement | 6 | (13) | 34 |
| Net (losses)/gains not recognised in the income statement | (124) | 76 | |
| Total recognised income for the year attributable to shareholders | 413 | 555 |
The accompanying notes are an integral part of these consolidated financial statements.
