| £m | |||
| Notes | Year to 31 December 2004 |
Year to 31 December 2003 |
|
| Profit for the financial year | 484 |
273 |
|
| Foreign exchange movements | 27 |
141 |
176 |
| Total recognised gains and losses for the year | 625 |
449 |
|
| Prior year adjustment | 1 |
27 |
|
| Total recognised gains and losses since last annual report | 652 |