Holiday Inn 2008 Annual Report Download - page 55

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Group income statement and Group statement of recognised income and expense 53
GROUP FINANCIAL
STATEMENTS
Group statement of recognised income and expense
2008 2007
restated*
For the year ended 31 December 2008 $m $m
Income and expense recognised directly in equity
(Losses)/gains on valuation of available-for-sale assets (4) 8
Losses on cash flow hedges (14) (2)
Exchange differences on retranslation of foreign operations (57) 23
Actuarial (losses)/gains on defined benefit pension plans, net of asset restriction (50) 8
(125) 37
Transfers to the income statement
On cash flow hedges: financial expenses 2(2)
On disposal of available-for-sale assets: other operating income and expenses (17) (20)
(15) (22)
Tax
Tax on items above taken directly to or transferred from equity 22 11
Tax related to share schemes recognised directly in equity 2(4)
24 7
Net (expense)/income recognised directly in equity (116) 22
Profit for the year 262 463
Total recognised income and expense for the year attributable
to the equity holders of the parent 146 485
* Restated for IFRIC 14 (see page 56).
Notes on pages 56 to 94 form an integral part of these financial statements.