BT 2006 Annual Report Download - page 76

Download and view the complete annual report

Please find page 76 of the 2006 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

2006
£m
2005
£m
Profit for the year 1,548 1,829
Actuarial gains relating to retirement benefit obligations 2,122 294
Exchange differences:
– on translation of foreign operations 53 27
– fair value loss on net investment hedges (20) –
– reclassified and reported in net profit (9) –
Fair value movements on available-for-sale assets:
– fair value gains 35 –
– reclassified and reported in net profit (35) –
Fair value movements on cash flow hedges:
– fair value gains 4–
– reclassified and reported in net profit (204) –
Tax impact of above items (588) (79)
Net gains recognised directly in equity 1,358 242
Total recognised income and expense for the year 2,906 2,071
Attributable to:
Equity shareholders of the parent 2,905 2,072
Minority interests 1(1)
2,906 2,071
The group has adopted IAS 32 and IAS 39, with effect from 1 April 2005. The adoption of IAS 32 and IAS 39 resulted in a decrease
in equity at 1 April 2005 of £209 million, net of deferred tax, of which £nil was attributable to minority interests.
A reconciliation of the changes in other reserves and retained earnings is given in note 26.
GROUP STATEMENT OF RECOGNISED INCOME AND EXPENSE
For the year ended 31 March 2006
BT Group plc Annual Report and Form 20-F 2006 Group statement of recognised income and expense74