Consolidated statement of total recognised gains and losses
For the year ended 31 December 2001

		Year		Nine months
		ended		ended
		31 December		31 December
		2001		2000
		£m		£m
Profit/(loss) for the financial period		144		(181)
Exchange differences on the retranslation of net investments and related borrowings		(4)		(31)
Share of recognised gain of associated undertaking		2		-
Total recognised gains and losses relating to the financial period		142		(212)