Aviva 2006 Annual Report Download - page 142

Aviva plc
Annual Report and Accounts 2006 138
Notes to the consolidated financial statements continued
10 – Directors
Information concerning individual directors’ emoluments, interests and transactions is given in the Directors’ remuneration report.
11 – Auditors’ remuneration
The total remuneration payable by the Group, excluding VAT and any overseas equivalent thereof, to its principal auditors,
Ernst & Young LLP, and its associates in respect of the audit of these financial statements is shown below, together with fees payable
in respect of other work.
2006 2005
£000 £000
Fees payable to Ernst & Young LLP for the statutory audit of the Aviva Group and Company financial statements 1,452 1,525
Fees payable to Ernst & Young LLP and its associates for other services to Group companies:
Audit of Group subsidiaries pursuant to legislation 7,507 7,453
Other services pursuant to legislation 2,326 1,834
Tax services 187 114
Services relating to information technology 40 177
Services relating to corporate finance transactions 1,432 762
All other services – Supplementary reporting (see below) 885 862
–Other supplementary services 1,660 995
Fees payable to Ernst & Young LLP for services to Group pension schemes
Audit of Group pension scheme 70 49
15,559 13,771
In addition to the above amounts payable to the principal auditors, fees for audit services of £2.1 million (2005: £2.8 million) were
payable to other firms. The total fees payable for audit services were therefore £11.1 million (2005: £11.8 million).
Fees for supplementary reporting arein respect of the audit of the Group’sEEV figures. Although EEV is the Group’s primary
management reporting basis and our disclosures require a full audit, the relevant fees are not classified as being for statutory audit.
12 – Tax
(a) Tax charged to the income statement
(i) The total tax charge comprises:
2006 2005
£m £m
Current tax
For this year 1,022 799
Prior year adjustments (287) (212)
Total current tax 735 587
Deferred tax
Origination and reversal of timing differences 221 881
Changes in tax rates or tax laws (7) (5)
Write-down of deferred tax assets (15) 89
Total deferred tax 199 965
Total tax charged to income statement (note 12c) 934 1,552
(ii) The Group, as a proxy for policyholders in the UK, Ireland and Australia, is required to record taxes on investment income and gains
each year. Accordingly, the tax benefit or expense attributable to UK, Irish and Australian life insurance policyholder returns is included in
the tax charge. The tax expense attributable to policyholders’ returns included in the charge above is £346 million (2005: £922 million).
Financial statements continued