RBS 2008 Annual Report Download - page 177

Statements of recognised income and expense for the year ended 31 December 2008
RBS Group Annual Report and Accounts 2008176
Group Company
2008 2007 2006 2008 2007 2006
£m £m £m £m £m £m
Available-for-sale investments
Net valuation (losses)/gains taken direct to equity (8,096) (776) 4,792 ———
Net loss/(profit) taken to income 690 (513) (313) ———
Cash flow hedges
Net losses taken direct to equity (1,618) (426) (109) ———
Net losses/(gains) taken to earnings 162 (138) (140) 233
Exchange differences on translation of foreign operations 15,425 2,210 (1,681) ———
Actuarial (losses)/gains on defined benefit plans (2,287) 2,189 1,781 ———
Income before tax on items recognised direct in equity 4,276 2,546 4,330 233
Tax on items recognised direct in equity 2,786 (170) (1,173) (1) (1) (1)
Net income recognised direct in equity 7,062 2,376 3,157 122
(Loss)/profit for the period (34,373) 7,712 6,497 (9,602) 2,499 3,499
Total recognised income and expense for the year (27,311) 10,088 9,654 (9,601) 2,501 3,501
Attributable to:
Equity owners (22,979) 8,610 7,707 (9,601) 2,501 3,501
Minority interests (4,332) 1,478 1,947 ———
(27,311) 10,088 9,654 (9,601) 2,501 3,501
The accompanying notes on pages 189 to 266, the accounting policies on pages 178 to 188 and the audited sections of ‘The Business Review: Risk,
Capital and Liquidity Management’ on pages 78 to 144 form an integral part of these financial statements.