Financial Statements
6 Net revaluation gains on property and investments
| 2006 £m |
2005 £m |
|
|---|---|---|
| In income statement | ||
| Revaluation of investments (note 11) | 92 | 43 |
| Revaluation of properties | 1,203 | 550 |
| Gains on property disposals | 167 | 17 |
| 1,462 | 610 | |
| In consolidated statement of changes in equity | ||
| Revaluation of properties | 102 | 12 |
| 1,564 | 622 |
Included above is a property derivative gain of £4m of which £2m is realised and £2m is included in revaluation of properties of £1,203m, increasing the net revaluation of £1,201m (note 11) attributable to properties, which is taken to the income statement.
Included in the tax charge is £16m (2005: £nil) attributable to gains on property disposals.