Aviva 2005 Annual Report Download - page 126

Financial statements continued
Notes to the consolidated financial statements continued
9 – Employee information continued
These costs are charged within:
2005 2004
£m £m
Acquisition costs 600 339
Other operating expenses 1,640 1,815
2,240 2,154
10 – Directors
Information concerning individual directors’ emoluments, interests and transactions is given in the Directors’ Remuneration Report on
pages 65 to 74.
11 – Auditors’ remuneration
The total remuneration payable by the Group, excluding VAT and any overseas equivalent thereof, to its principal auditors,
Ernst & Young LLP, in respect of the audit of these accounts is shown below, together with fees payable in respect of other work.
2005 2004
£m £m
Audit services
Statutory audit 6.9 7.0
Audit-related regulatory and supplementary reporting 3.1 3.1
Further assurance services 2.6 3.3
Other services 0.5 1.5
13.1 14.9
In addition to the above amounts payable to the principal auditors, fees for audit services of £2.9 million (2004: £2.0 million) were
payable to other firms. The total fees payable for audit services were therefore £12.9 million (2004: £12.1 million).
Audit-related supplementary reporting is in respect of the audit of the Group’s EEV figures on pages 200 to 221. Although EEV is the
Group’s primary management reporting basis and our disclosures require a full audit, the relevant fees cannot be classified as being for
statutory audit.
Further assurance services included advice on accounting and regulatory matters, restatement of supplementary reporting opening
balance sheet, reporting on internal controls and corporate governance matters, and due diligence work.
12 – Tax
(a) Tax charged to the income statement
(i) The total tax charge comprises:
2005 2004
£m £m
Current tax
For the year 799 475
Prior year adjustments (212) (92)
Total current tax 587 383
Deferred tax
Origination and reversal of timing differences 881 272
Changes in tax rates or tax laws (5) (1)
Write down of deferred tax assets 89 –
Total deferred tax 965 271
Total tax charged to income statement (note 12c) 1,552 654
(ii) The Group, as a proxy for policyholders in the UK, Ireland and Australia, is required to record taxes on investment income and gains
each year. Accordingly, the tax benefit or expense attributable to UK, Irish and Australian life insurance policyholder returns is included in
the tax charge. The tax expense attributable to policyholders’ returns included in the charge above is £922 million (2004: £383 million).
Aviva plc 2005 Financial statements
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