| Net translation exchange included in: | ||||||||||||||||
| Non- | Total | |||||||||||||||
| Retained | Fair value | controlling | translation | |||||||||||||
| earnings | reserve | interests | exchange | |||||||||||||
| £m | £m | £m | £m | |||||||||||||
|
At 1 January 2015 |
(137 | ) | 4 | (117 | ) | (250 | ) | |||||||||
|
Exchange movements on overseas net assets |
(624 | ) | 6 | 8 | (610 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
At 31 December 2015 |
(761 | ) | 10 | (109 | ) | (860 | ) | |||||||||
|
Exchange movements on overseas net assets |
633 | 13 | 603 | 1,249 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
At 31 December 2016 |
(128 | ) | 23 | 494 | 389 | |||||||||||
|
Exchange movements on overseas net assets |
462 | — | (149 | ) | 313 | |||||||||||
|
Reclassification of exchange on liquidation or disposal of overseas subsidiaries |
109 | — | — | 109 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
At 31 December 2017 |
443 | 23 | 345 | 811 | ||||||||||||
|
|
|
|
|
|
|
|
|
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The analysis of other comprehensive income by equity category is as follows:
| Non- | ||||||||||||||||
| Retained | Other | controlling | ||||||||||||||
| earnings | reserves | interests | Total | |||||||||||||
|
2017 |
£m | £m | £m | £m | ||||||||||||
|
Items that may be subsequently reclassified to income statement: |
||||||||||||||||
|
Exchange movements on overseas net assets and net investment hedges |
462 | — | — | 462 | ||||||||||||
|
Reclassification of exchange on liquidation or disposal of overseas subsidiaries |
109 | — | — | 109 | ||||||||||||
|
Fair value movements on available-for-sale investments |
— | (14 | ) | — | (14 | ) | ||||||||||
|
Reclassification of fair value movements on available-for-sale investments |
— | (42 | ) | — | (42 | ) | ||||||||||
|
Deferred tax on fair value movements on available-for-sale investments |
— | 47 | — | 47 | ||||||||||||
|
Deferred tax reversed on reclassification of available for sale investments |
— | (18 | ) | — | (18 | ) | ||||||||||
|
Fair value movements on cash flow hedges |
— | (10 | ) | — | (10 | ) | ||||||||||
|
Items that will not be reclassified to income statement: |
||||||||||||||||
|
Exchange movements on overseas net assets of non-controlling interests |
— | — | (149 | ) | (149 | ) | ||||||||||
|
Remeasurement gains on defined benefit plans |
549 | — | — | 549 | ||||||||||||
|
Tax on remeasurement gains in defined benefit plans |
(221 | ) | — | — | (221 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Other comprehensive income/(expense) for the year |
899 | (37 | ) | (149 | ) | 713 | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Non- | ||||||||||||||||
| Retained | Other | controlling | ||||||||||||||
| earnings | reserves | interests | Total | |||||||||||||
|
2016 |
£m | £m | £m | £m | ||||||||||||
|
Items that may be subsequently reclassified to income statement: |
||||||||||||||||
|
Exchange movements on overseas net assets and net investment hedges |
633 | 13 | — | 646 | ||||||||||||
|
Fair value movements on available-for-sale investments |
— | 251 | — | 251 | ||||||||||||
|
Reclassification of fair value movements on available-for-sale investments |
— | (245 | ) | — | (245 | ) | ||||||||||
|
Deferred tax reversed on reclassification of available-for-sale investments |
— | 51 | — | 51 | ||||||||||||
|
Reclassification of cash flow hedges to income statement |
— | 1 | — | 1 | ||||||||||||
|
Fair value movements on cash flow hedges |
— | 2 | — | 2 | ||||||||||||
|
Deferred tax on fair value movements on cash flow hedges |
— | 2 | — | 2 | ||||||||||||
|
Items that will not be reclassified to income statement: |
||||||||||||||||
|
Exchange movements on overseas net assets of non-controlling interests |
— | — | 603 | 603 | ||||||||||||
|
Remeasurement losses on defined benefit plans |
(475 | ) | — | — | (475 | ) | ||||||||||
|
Tax on remeasurement losses in defined benefit plans |
126 | — | — | 126 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Other comprehensive income for the year |
284 | 75 | 603 | 962 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Non- | ||||||||||||||||
| Retained | Other | controlling | ||||||||||||||
| earnings | reserves | interests | Total | |||||||||||||
|
2015 |
£m | £m | £m | £m | ||||||||||||
|
Items that may be subsequently reclassified to income statement: |
||||||||||||||||
|
Exchange movements on overseas net assets and net investment hedges |
(624 | ) | 6 | — | (618 | ) | ||||||||||
|
Fair value movements on available-for-sale investments |
— | 416 | — | 416 | ||||||||||||
|
Deferred tax on fair value movements on available-for-sale investments |
— | (91 | ) | — | (91 | ) | ||||||||||
|
Reclassification of fair value movements on available-for-sale investments |
— | (346 | ) | — | (346 | ) | ||||||||||
|
Deferred tax reversed on reclassification of available-for-sale investments |
— | 36 | — | 36 | ||||||||||||
|
Reclassification of cash flow hedges to income statement |
— | 2 | — | 2 | ||||||||||||
|
Fair value movements on cash flow hedges |
— | 2 | — | 2 | ||||||||||||
|
Share of other comprehensive expense of associates and joint ventures |
(77 | ) | — | — | (77 | ) | ||||||||||
|
Items that will not be reclassified to income statement: |
||||||||||||||||
|
Exchange movements on overseas net assets of non-controlling interests |
— | — | 8 | 8 | ||||||||||||
|
Remeasurement gains on defined benefit plans |
261 | — | — | 261 | ||||||||||||
|
Tax on remeasurement gains in defined benefit plans |
(80 | ) | — | — | (80 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Other comprehensive (expense)/income for the year |
(520 | ) | 25 | 8 | (487 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
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