Aviva 2002 Annual Report Download - page 63

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Consolidated profit and loss account
Non-technical account
For the year ended 31 December 2002
Restated
2002 2002 2001
1m£m £m
968 Balance on long-term business technical account 610 764
413 Tax credit attributable to balance on the long-term business technical account (I) 260 353
1,381 Profit from long-term business operations before tax 870 1,117
1,529 Balance on general business technical account 963 907
Investment income (F & 7a)
25 Share of result of associated undertakings, net of goodwill amortisation 16 4
1,692 Other 1,066 1,730
1,717 1,082 1,734
Allocated investment return transferred to the long-term business
(94) technical account (F & 7b) (59) (36)
(770) Investment expenses and charges (7a) (485) (511)
(1,614) Unrealised losses on investments (7a) (1,017) (1,193)
Allocated investment return transferred to the general business
(1,876) technical account (F & 7b) (1,182) (1,404)
Other income/(charges), including value adjustments
8Profit from fund management (4a) 529
(48) Loss on wealth management (30) (99)
(135) (Loss)/profit from other operations (85) 3
Other charges:
(346) – corporate costs (10) (218) (246)
(194) – amortisation of goodwill (18) (122) (74)
(6) Net (loss)/profit arising on the disposal of subsidiary undertakings (17c) (4) 287
(721) (454) (100)
(448) (Loss)/profit on ordinary activities before tax (282) 514
(327) Tax on (loss)/profit on ordinary activities (I & 14a) (206) (198)
(775) (Loss)/profit on ordinary activities after tax (A) (488) 316
(40) Minorities – equity (25) (36)
(33) – non-equity (21) (21)
(73) (46) (57)
(848) (Loss)/profit for the financial year (534) 259
(27) Preference dividends (17) (17)
(875) (Loss)/profit for the financial year attributable to equity shareholders (551) 242
(824) Ordinary dividends (15) (519) (857)
(1,699) Retained loss transferred from reserves (34) (1,070) (615)
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,
in respect of:
55.2c – continuing operations (16a) 34.8p 40.8p
60.3c – continuing and discontinued operations (16a) 38.0p 42.6p
(38.7)c (Loss)/profit for the financial year (16a) (24.4)p 10.8p
(38.7)c (Loss)/profit for the financial year – diluted (16b) (24.4)p 10.7p
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.
49 Aviva plc
Annual report + accounts 2002