content_image/19485.jpg content_image/19486.jpg
## Consolidated statement of total recognised gains and losses 

For the year ended 31 December 2003 

<img src='content_image/19485.jpg'>

Recognised gains and losses include gains of £53m (2002: losses of £3m) in respect of joint ventures. 

## Reconciliation of shareholders’ funds 

For the year ended 31 December 2003 

<img src='content_image/19486.jpg'>

