| |
 |
| |
|
2003
£m |
2002
£m |
|
|
|
|
| |
| |
|
|
|
| |
Profit
for the financial year |
454 |
364 |
| |
|
|
|
| |
Currency
translation differences
on foreign currency
net investments |
(4) |
1 |
| |
|
|
|
| |
| |
|
|
|
| |
Total
recognised gains relating
to the financial year |
450 |
365 |
| |
|
|
|
| |
Change
in accounting policy
for deferred tax |
– |
(160) |
| |
|
|
|
| |
| |
|
|
|
| |
Total
recognised gains since
last annual report |
450 |
205 |
| |
| |
| |
| The above profit
for the financial
year, on an historical
cost equivalent
basis, would be
£463 million
(2002: £364
million) as a
result of the
realisation of
a property revaluation
gain of £9
million (2002:
nil) of previous
years. |
|
|
|
|
