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for the years ended 31 March |
2004 |
2003 |
2002 |
|
£m |
£m |
£m |
 |
| Profit/(loss) for the year |
1,099 |
391 |
(321) |
| Exchange adjustments |
(417) |
(322) |
(58) |
| Tax on exchange adjustments |
(12) |
12 |
21 |
| Reduction in revaluation reserve on reclassification of investment
properties |
– |
– |
(50) |
| Unrealised gain on transfer of fixed assets to a joint venture (net
of tax) |
– |
6 |
7 |
|
| Total recognised gains and losses |
670 |
87 |
(401) |
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The Notes to the Accounts form part of the Accounts
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