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for the year ended 31 March 2008
| Notes | Year ended 31 March 2008 £m | Year ended 31 March 2007 £m | |
|---|---|---|---|
| Net (losses)/gains on hedged items for the year | 31 | (102) | 46 |
| Net actuarial (losses)/gains on retirement benefit obligations for the year | 27 | (199) | 68 |
| Tax on items taken directly to equity for the year | 11 | 90 | (35) |
| Net (expense)/income recognised directly in equity | (211) | 79 | |
| Net profit for the year attributable to shareholders | 335 | 465 | |
| Total recognised income and expense | 124 | 544 |
