 |

for the year ended 31 December 2003

 |
2003 |
|
2002 |
|
| |
£million |
|
£million |
|
 |
| Profit/(loss)
for the financial year | 4.3 |
|
(30.8 |
) |
 |
| Actuarial gain/(loss)
on pension and other post-retirement schemes | 6.0 |
|
(59.4 |
) |
 |
| Deferred tax
associated with pension and other post-retirement schemes | (2.3 |
) |
18.2 |
|
 |
| Currency translation
differences | (21.5 |
) |
(25.7 |
) |
 |
| Taxation on
currency translation differences on foreign currency borrowings | - |
|
1.5 |
|
 |
| Total recognised
losses for the year | (13.5 |
) |
(96.2 |
) |
 |
|