Aviva 2001 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2001 Aviva annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

Consolidated profit and loss account
Non-technical account
For the year ended 31 December 2001
49 CGNU plc
The accounting policies (identified alphabetically) on pages 44 to 46 and notes (identified numerically) on pages 56 to 90 are an
integral part of these accounts. The auditor’s report is on page 43.
2001 2001 2000
am£m £m
1,242 Balance on long-term business technical account 770 679
Tax credit attributable to balance on the long-term business
574 technical account (J) 356 374
1,816 Profit from long-term business operations before tax 1,126 1,053
1,463 Balance on general business technical account 907 (312)
Investment income (G & 7a)
6Share of result of associated undertakings, net of goodwill amortisation 41
2,790 Other 1,730 2,439
2,796 1,734 2,440
(1,924) Unrealised losses on investments (7a) (1,193) (240)
Allocated investment return transferred (to)/from the long-term business
(58) technical account (G & 7b) (36) 2
(824) Investment expenses and charges (7a) (511) (487)
Allocated investment return transferred to the general business
(2,265) technical account (G & 7b) (1,404) (1,817)
Other income/(charges), including value adjustments
47 Profit from fund management (3a) 29 5
(160) Loss on wealth management (99) (133)
(10) Loss from other operations (6) (25)
Other charges:
(396) – corporate costs (4) (246) (235)
(119) – amortisation of goodwill (17) (74) (92)
463 Net profit/(loss) arising on the disposal of subsidiary undertakings (16c) 287 (1,058)
–Loss on withdrawal from London Market operations –(448)
–Merger transaction costs –(59)
(175) (109) (2,045)
829 Profit/(loss) on ordinary activities before tax 514 (1,406)
(684) Tax on profit/(loss) on ordinary activities (J & 13a) (424) (255)
145 Profit/(loss) on ordinary activities after tax (A) 90 (1,661)
(58) Minorities – equity (36) (31)
(34) – non-equity (21) (21)
(92) (57) (52)
53 Profit/(loss) for the financial year 33 (1,713)
(27) Preference dividends (17) (17)
26 Profit/(loss) for the financial year attributable to equity shareholders 16 (1,730)
(1,382) Ordinary dividends (14) (857) (855)
(1,356) Retained loss transferred to reserves (32) (841) (2,585)
Earnings per share attributable to equity shareholders
Operating profit before amortisation of goodwill, amortisation of acquired
additional value of in-force long-term business and exceptional items, after tax,
70.0c in respect of continuing operations (15a) 43.2p 28.3p
1.0c Profit/(loss) for the financial year (15a) 0.7p (77.0)p
1.0c Profit/(loss) for the financial year – diluted (15b) 0.7p (76.9)p