Aviva 2013 Annual Report Download - page 240

Aviva plc
Annual report and accounts 2013
Where applicable, the accounting policies of the Company are the same as those of the Group on pages 110 to 123. The notes
identified alphabetically on pages 242 to 246 are an integral part of these separate financial statements. Where the same items
appear in the Group financial statements, reference is made to the notes (identified numerically) on pages 131 to 237.
238
Financial statements of the Company
238
Income statement
For the year ended 31 December 2013
Note
2013
£m
2012
£m
Income
Dividends receivable from subsidiaries I 1,450 1,585
Interest receivable from Group companies I 103 107
1,553 1,692
Expenses
Net investment (expense)/income (5) 28
Operating expenses B (326) (333)
Interest payable to Group companies I (326) (402)
Interest payable on borrowings (332) (347)
Realised loss on loan I (78) —
Impairment of subsidiaries — (254)
(1,067) (1,308)
Profit before tax 486 384
Tax credit C 116 232
Profit after tax 602 616
Statement of comprehensive income
For the year ended 31 December 2013
Note
2013
£m
2012
£m
Profit for the year 602 616
Other comprehensive income
Items tha
t
ma
y
be reclassifie
d
subsequentl
y
to income statemen
t
Fair value gains on investments in subsidiaries and
j
oint ventures E 2,108 2,126
Impairment losses on assets previously revalued through other comprehensive income now taken to income statement — 254
Items tha
t
will no
t
be reclassifie
d
to income statemen
t
Remeasurements of pension schemes E (2) —
Other comprehensive income, net of tax 2,106 2,380
Total comprehensive income for the year 2,708 2,996