Aviva 2002 Annual Report Download - page 71

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3 – Change in accounting policy continued
(ii) The implementation of FRS 19 has resulted in a decrease in loss after tax of £151 million (2001: increase in profit after tax of
£226 million).
(b) Presentation changes
The Group’s long-term businesses include various service companies as well as the main operating companies. The results of the former
were previously included in the long-term business technical account but are now shown as part of profit from other operations in the
non-technical account. The loss reclassified in 2002 is £54 million (2001: profit of £9 million).
4 – Geographical segmental information
The Group’s reportable business segments are long-term business, health business, fund management and general insurance business.
The main geographical segments are the United Kingdom, Europe (excluding the United Kingdom) and International.
(a) Operating profit by business
(i) Operating profit in respect of long-term business before amortisation of acquired additional value of in-force long-term business and
amortisation of goodwill on associates
2002 2001
£m £m
United Kingdom*626 689
Europe (excluding UK)
France 142 160
Ireland 36 49
Italy 24 26
Netherlands (including Belgium and Luxembourg) 111 214
Poland 66 46
Spain 27 36
Other Europe (19) (21)
International 9(5)
1,022 1,194
*The other life and savings result has been reclassified to non-insurance (note 3(b)).
(ii) Operating profit in respect of health business
Underwriting result Operating result
2002 2001 2002 2001
£m £m £m £m
United Kingdom 5 498
Europe (excluding UK)
France (2) (2) 10 9
Netherlands (27) (15) 42 53
(24) (13) 61 70
(iii) Operating profit in respect of fund management
Operating result
2002 2001
£m £m
United Kingdom (12) (4)
Europe (excluding UK)
France 11 12
Netherlands 48
Other Europe 22
International
Australia and New Zealand (1) 7
Other International 14
529
57 Aviva plc
Annual report + accounts 2002