RBS 2007 Annual Report Download - page 124
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RBS Group • Annual Report and Accounts 2007
122
Financial statements
Statements of recognised income and expense for the year ended 31 December 2007
Group Company
2007 2006 2005 2007 2006 2005
£m £m £m £m £m £m
Available-for-sale investments
Net valuation (losses)/gains taken direct to equity (776) 4,792 35 ———
Net profit taken to income on sales (513) (313) (582) ———
Cash flow hedges
Net (losses)/gains taken direct to equity (426) (109) 18 ———
Net (gains)/losses taken to earnings (138) (140) (85) 336
Exchange differences on translation of foreign operations 2,210 (1,681) 842 ———
Actuarial gains/(losses) on defined benefit plans 2,189 1,781 (799) ———
Income/(expense) before tax on items recognised direct in equity 2,546 4,330 (571) 336
Tax on items recognised direct in equity (170) (1,173) 478 (1) (1) (2)
Net income/(expense) recognised direct in equity 2,376 3,157 (93) 224
Profit for the year 7,712 6,497 5,558 2,499 3,499 2,074
Total recognised income and expense for the year 10,088 9,654 5,465 2,501 3,501 2,078
Attributable to:
Equity owners 8,610 7,707 5,355 2,501 3,501 2,078
Minority interests 1,478 1,947 110 ———
10,088 9,654 5,465 2,501 3,501 2,078