QBE European Operations plc
QBE European Operations plc
QBE European Operations plc
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<strong>QBE</strong> <strong>European</strong> <strong>Operations</strong> <strong>plc</strong> Annual report 2011<br />
46<br />
Statement of Group total<br />
recognised gains and losses<br />
For the year ended 31 December 2011<br />
2011 2010<br />
Notes £000 £000<br />
Profit for the financial year 20 95,052 194,159<br />
Actuarial gain/loss recognised in the pension schemes 7,20 3,088 (7,740)<br />
Movement on deferred tax liability relating to pension liability 20 1,266 882<br />
Movement in cash flow hedge – 3,722<br />
Movement in revaluation reserve 20 (113) 412<br />
Currency translation differences 20 18,186 49,644<br />
Total recognised gains for the year 117,479 241,079<br />
The notes set out on pages 50 to 81 form an integral part of these financial statements.
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