Notes to the consolidated financial statements

(XLS:) Download Excel

 

Hedging reserve
£m

Translation reserve
£m

Other reserves (note a)
£m

Total
£m

At 31 March 2009

(23)

123

119

219

Cash flow hedges:

 

 

 

 

– fair value gains in the year

13

13

– reclassified and reported in the income statement during the year

11

11

– tax effect of the above movements

(4)

(4)

Loss on revaluation of available-for-sale financial assets

(10)

(10)

Currency translation differences:

 

 

 

 

– net investment hedging gains in the year

58

58

Net exchange differences on consolidation

(67)

(67)

At 31 March 2010

(3)

114

109

220

Cash flow hedges:

 

 

 

 

– fair value gains in the year

9

9

– reclassified and reported in the income statement during the year

9

9

– tax effect of the above movements

(5)

(5)

Gain on revaluation of available-for-sale financial assets

1

1

Currency translation differences:

 

 

 

 

– net investment hedging gains in the year

29

29

Net exchange differences on consolidation

(65)

(65)

Items transferred to the income statement on disposal

(3)

(20)

(23)

At 31 March 2011

7

58

110

175

  1. (a) Other reserves include the merger reserve, the available-for-sale fair value reserve, and the statutory reserves of certain overseas subsidiaries, all of which are non-distributable.