| |
 |
 |
|
| |
FOR THE YEAR ENDED 31 DECEMBER 2003 |
|
| |
| |
|
Year ended |
Year ended |
| |
|
31 December |
31 December |
| |
|
2003 |
2002 |
| |
|
£m |
£m |
| (Loss)/profit for the financial year |
|
(219) |
113 |
| Exchange differences on the retranslation of net investments and |
|
|
|
| related borrowings (net of £7 million tax (2002: £10 million)) |
|
15 |
(42) |
| Share of recognised loss of associated undertaking |
|
– |
(1) |
 |
 |
|
| Total recognised gains and losses relating to the financial year |
|
(204) |
70 |
|
|
|
|
|
| |
|
|
|
|
