Aviva 2006 Annual Report Download - page 133

Overview Business review Governance Financial statements Other information
Aviva plc
Annual Report and Accounts 2006 129
4 – Segmental information continued
Pro forma reconciliation to operating profit before tax attributable to shareholders’ profits
General
Long-term Fund insurance
business management and health Other Total
For the year ended 31 December 2005 £m £m £m £m £m
Segmental result before tax 1,865 124 1,995 (286) 3,698
Finance costs on central borrowings – – – (248) (248)
Adjusted for the following items:
Impairment of goodwill 14 – – 29 43
Amortisation and impairment of acquired value of in-force business 73 – – – 73
Amortisation and impairment of intangibles 24 – 5 16 45
Financial Services Compensation Scheme and other levies – – – – –
Short-term fluctuations in return on investments backing general insurance
and health business – – (517) – (517)
Loss/(profit) on the disposal of subsidiaries and associates 10 – (41) (122) (153)
Integration costs – – 77 32 109
Unallocated interest – (1) 25 (24) –
Corporate cost reallocation 1 1 7 (9) –
1,987 124 1,551 (612) 3,050
Less:
Tax attributable to policyholders’ returns (922) – – – (922)
Operating profit beforetax attributable to shareholders’ profits 1,065 124 1,551 (612) 2,128
(iii) Segmental balance sheet by business segment
General
Long-term Fund insurance
business management and health Other Total
As at 31 December 2006 £m £m £m £m £m
Goodwill 1,316 9390 1,195 2,910
Acquired value of in-force business and intangible assets 2,301 18 287 122 2,728
Investments in joint ventures and associates 3,526 44 39 81 3,690
Property and equipment 416 4 94 390 904
Investment property 14,714 –384 25 15,123
Loans 18,805 – 735 6,905 26,445
Financial investments 188,050 30 11,248 3,525 202,853
Other assets 24,383 534 9,755 1,854 36,526
Segment assets 253,511 639 22,932 14,097 291,179
Unallocated assets – tax assets 1,543
Total assets 292,722
Insurance liabilities 126,224 –18,006 – 144,230
Liability for investment contracts 88,358 – – – 88,358
Unallocated divisible surplus 9,465 – – – 9,465
Net asset value attributable to unitholders 3,786 123 – 3,810
External borrowings 3,894 – 11 4,037 7,942
Other liabilities, including inter-segment liabilities 6,999 313 (712) 9,719 16,319
Segment liabilities 238,726 314 17,328 13,756 270,124
Unallocated liabilities
Central borrowings (see below) 4,195
Tax liabilities 4,339
Total liabilities 278,658
Total equity 14,064
Total equity and liabilities 292,722
Capital expenditure(excluding business combinations)
Intangible assets 29 14 15 32 90
Property and equipment 55 3 13 224 295
84 17 28 256 385
Central borrowings areborrowings by holding companies within the Group which are not allocated to operating companies. In 2006, there has been a reclassification of
Amstelhuys loans into “Other” business from our general insurance and health segment.