Consolidated Statement of Recognised Income and Expense
for the year ended 31 December
| 2007 | 2006 | |||||||||||||
| Notes | Underlying1 |
Amounts excluded from underlying €m | Total €m | Underlying1 as restated2 |
Amounts excluded from underlying €m | Total as restated2 €m |
||||||||
| Actuarial gains on retirement benefit obligations |
23,32 | – | 14.9 | 14.9 | – | 2.9 | 2.9 | |||||||
| Cash flow hedges: | ||||||||||||||
| – net fair value losses | 34 | – | (5.8) | (5.8) | – | (11.1) | (11.1) | |||||||
| – transferred to Income Statement | 34 | – | 7.9 | 7.9 | – | 5.4 | 5.4 | |||||||
| Exchange differences on translation of foreign operations |
34 | – | (2.8) | (2.8) | – | (1.2) | (1.2) | |||||||
| Tax on net items taken to equity | 7 | – | (3.1) | (3.1) | – | 1.5 | 1.5 | |||||||
| Net income/(expense) recognised directly in equity |
35 | – | 11.1 | 11.1 | – | (2.5) | (2.5) | |||||||
| Profit/(loss) for the year | 29.7 | (26.8) | 2.9 | 24.2 | (22.7) | 1.5 | ||||||||
| Total recognised income and expense for the year |
29.7 | (15.7) | 14.0 | 24.2 | (25.2) | (1.0) | ||||||||
| Prior year adjustment2 | (4.6) | – | (4.6) | |||||||||||
| Total recognised income and expense since previous Annual Report |
25.1 | (15.7) | 9.4 | |||||||||||
| Total recognised income and expense for the year is attributable to: |
||||||||||||||
| – equity holders of the Company | 29.8 | (15.7) | 14.1 | 24.2 | (25.2) | (1.0) | ||||||||
| – minority interest | (0.1) | – | (0.1) | – | – | – | ||||||||
| Total recognised income and expense for the year | 29.7 | (15.7) | 14.0 | 24.2 | (25.2) | (1.0) | ||||||||
- 1 Underlying excludes exceptional items, certain re-measurement items and economic hedges - see Basis of Preparation.
- 2 Restated following the prior year adjustment regarding Avis Portugal (see Note 33).
The accompanying Notes form an integral part of these Consolidated Financial Statements.
