Aviva 2006 Annual Report Download - page 224

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Aviva plc
Annual Report and Accounts 2006 220Financial statements continued
Alternative method of reporting long-term business profits
Summarised consolidated income statement – EEV basis
For the year ended 31 December 2006
2006 2006 2005
1m£m £m
Operating profit before tax attributable to shareholders’ profits
2,990 Life EEV operating return 2,033 1,814
141 Fund management196 83
2,471 General insurance and health 1,680 1,551
Other:
(35) Other operations2(23) 28
(235) Corporate costs (160) (136)
(560) Unallocated interest charges (381) (436)
4,772 Operating profit before tax attributable to shareholders’ profits 3,245 2,904
Adjusted for the following:
(138) Impairment of goodwill (94) (43)
(68) Amortisation and impairment of intangibles (46) (21)
9Financial Services Compensation Scheme and other levies 6–
688 Variation from longer term investment return 468 2,805
987 Effect of economic assumption changes 671 (406)
237 Profit on the disposal of subsidiaries and associates 161 153
(362) Integration and restructuring costs (246) (109)
6,125 Profit before tax 4,165 5,283
(1,512) Tax on operating profit (1,028) (927)
(379) Tax on other activities (258) (674)
4,234 Profit for the year 2,879 3,682
Attributable to:
3,894 Equity shareholders of Aviva plc 2,648 3,470
340 Minority interests 231 212
4,234 2,879 3,682
All profit is from continuing operations.
1. Excludes the proportion of the results of Morley’s fund management businesses, of our French asset management operation Aviva Gestion d’Actifs (AGA) and other fund
management operations within the Group that arises from the provision of fund management services to our Life businesses. These results are included within the Life EEV
operating return.
2. Excludes the proportion of the results of Norwich Union Life Services relating to the services provided to the UK life business. These results are included within the Life EEV
operating return. Other subsidiaries providing services to our life businesses do not materially impact the Group results.
Earnings per share – EEV basis
For the year ended 31 December 2006
2006 Earnings per share2006 2005
Operating profit on an EEV basis after tax, attributable to ordinary
shareholders in respect of Aviva plc
116.5c Basic (pence per share) 79.2p 74.5p
115.1c Diluted (pence per share) 78.3p 73.9p
Profit after tax for the year on an EEV basis, attributable to ordinary
shareholders of Aviva plc
154.6c Basic (pence per share) 105.1p 146.3p
152.8c Diluted (pence per share) 103.9p 145.1p