Aviva 2013 Annual Report Download - page 127

Strategic report Governance IFRS Financial statements Other information
Aviva plc
Annual report and accounts 2013
125
Consolidated financial statements continued
Consolidated statement of comprehensive income
For the year ended 31 December 2013
Note
2013
£m
Restated2
2012
£m
Profit/(loss) for the year from continuing operations 878 (86)
Profit/(loss) for the year from discontinued operations1 1,273 (2,848)
Total profit/(loss) for the year 2,151 (2,934)
Other comprehensive income from continuing operations:
Items tha
t
ma
y
be reclassifie
d
subsequentl
y
to income statemen
t
Investments classified as available for sale
Fair value gains 19 27
Fair value gains transferred to profit on disposals 1 1
Share of other comprehensive income of
j
oint ventures and associates (37) 14
Foreign exchange rate movements (35) (200)
Aggregate tax effect
–
shareholder tax on items that may be reclassified subsequently to the income statement (14) 8
Items tha
t
will no
t
be re
c
lassifie
d
to income statemen
t
Owner occupied properties
–
fair value losses (2) (3)
Remeasurements of pension schemes 49b(i) (674) (980)
Aggregate tax effect
–
shareholder tax on items that will not be reclassified subsequently to the income statement 125 189
Other comprehensive income, net of tax from continuing operations (617) (944)
Other comprehensive income, net of tax from discontinued operations1 4b(vii) (319) 68
Total other comprehensive income, net of tax (936) (876)
Total comprehensive income for the year from continuing operations 261 (1,030)
Total comprehensive income for the year from discontinued operations1 954 (2,780)
Total comprehensive income for the year 1,215 (3,810)
Attributable to:
Equity shareholders of Aviva plc 1,038 (3,942)
Non-controlling interests 177 132
1,215 (3,810)
1 Discontinued operations represent the results of the US life and related internal asset management businesses (US Life) until the date of disposal (2 October 2013). For further details see note 4.
2 Following the adoption of the revised IAS 19 ‘Employee benefits’ the Group has retrospectively applied the changes to the comparative period in these financial statements. This has led to an increase in profit before tax of
£150 million for 2012 with a corresponding decrease in other comprehensive income. For further details of the impact of the restatement please see note 1.
The accounting policies (identified alphabetically) on pages 110 to 123 and notes (identified numerically) on pages 131 to 237 are
an integral part of the financial statements.