for the year ended 30 June 2006
| 2006 £m | 2005 £m | |
|---|---|---|
| Profit for the year | 551 | 578 |
Net gains (losses) recognised directly in equity | ||
| Cash flow hedges | (160) | (22) |
| Tax on cash flow hedges | 48 | 6 |
| (112) | (16) | |
Amounts reclassified and reported in the Income Statement | ||
| Cash flow hedges | 106 | 4 |
| Tax on cash flow hedges | (32) | (1) |
| 74 | 3 | |
Net losses not recognised in profit for the year | (38) | (13) |
Total recognised income and expense for the year | 513 | 565 |
The Annual Review is a summary report on the full year to 30 June 2006, intended
for the investor not needing the full detail of the Annual Report.
As a summary report, the Annual Review does not contain sufficient information
to allow as full an understanding of the results and state of affairs of the Group as is provided by the full Annual Report.
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