Preliminary results - 12 months ended 31 December 2005
Summarised consolidated statement of recognised income and expense – IFRS basis
For the year ended 31 December 2005
| 2005 £m |
2004 £m |
|
|---|---|---|
| * Stated before the effect of foreign exchange rate movements, which are reported within the foreign exchange rate movements line. | ||
| Fair value gains on AFS securities and owner-occupied properties, net of transfers to the income statement | 314 | 130 |
| Actuarial losses on pension schemes | (547) | (145) |
| Foreign exchange rate movements | (2) | 59 |
| Reserves credit for equity compensation plans | 22 | 21 |
| Share of fair value changes in joint ventures and associates taken to equity | 2 | - |
| Aggregate tax effect – policyholder tax | 3 | - |
| Aggregate tax effect – shareholder tax | 272 | (15) |
| Net income recognised directly in equity | 64 | 50 |
| Profit for the year* | 1,898 | 1,371 |
| Total recognised income and expense for the year | 1,962 | 1,421 |
