|All figures in £ millions||Note||2004||2003|
|Profit for the financial year||88||55|
|Other net gains and losses recognised in reserves|
|Taxation on exchange differences||5||-|
|Total recognised gains and losses relating to the year||(88)||(199)|
|Prior year adjustment - UITF 38||24||37||-|
|Total recognised gains and losses||(51)||(199)|
Included within profit for the financial year is a loss of £7m (2003: loss of £10m) relating to joint ventures and a profit of £15m (2003: profit of £13m) relating to associates.