2004 £m 2003 £m Profit for the financial year attributable to shareholders 212.9 111.5 Exchange (loss)/gain (45.0) 14.7 Taxation recognised on exchange (losses)/gains:     Current – United Kingdom (0.4) 5.3 Deferred – United States   3.7 FRS17 – Retirement Benefits:     Actuarial gains/(losses) on retirement benefit schemes – gross 145.5 (258.6) Deferred tax (charge)/credit related thereto (39.3) 73.4   273.7 (50.0) There is no material difference between the profit on ordinary activities or retained profit for the year stated above, and their historical cost equivalents.