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Statement of Total
Recognised Gains and Losses
year ended 31 December 2004

Statement of Total Recognised Gains and Losses year ended 31 December 2004
All figures in millions Note 2004 2003
Profit for the financial year   88 55
Other net gains and losses recognised in reserves
Exchange differences   (181) (254)
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.

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