Aviva 2006 Annual Report Download - page 215
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Overview Business review Governance Financial statements Other information
Aviva plc
Annual Report and Accounts 2006 211
Financial statements of the Company
Income statement
For the year ended 31 December 2006
2006 2005
Note £m £m
Income
Dividends received from subsidiaries 865 1,708
Interest receivable from Group companies 219 217
Profit on disposal of subsidiary B94 –
Net investment income/(expenses) 34 (10)
1,212 1,915
Expenses
Operating expenses C(201) (160)
Interest payable to Group companies (1,341) (238)
Interest payable on borrowings (215) (224)
(1,757) (622)
(Loss)/ profit before tax (545) 1,293
Tax credit D521 54
(Loss)/ profit after tax (24) 1,347
Statement of recognised income and expenses
For the year ended 31 December 2006
2006 2005
Note £m £m
Fair value gains on investments in subsidiaries B 4,075 1,521
Fair value gains transferred to income statement (94) –
Aggregate tax effect 15 13
Actuarial losses on pension scheme (4) –
Net income recognised directly in equity 3,992 1,534
(Loss)/profit for the year (24) 1,347
Total recognised income and expense for the year 3,968 2,881
Reconciliation of movements in shareholders’ equity
For the year ended 31 December 2006
2006 2005
Note £m £m
Balance at 1 January 18,746 15,812
Total recognised income and expense for the year 3,968 2,881
Dividends and appropriations 14 (762) (657)
Issue of share capital for the acquisition of AmerUs (2005: RAC plc) net of transaction costs 3a 892 530
Other issues of sharecapital, net of transaction costs 27 43 59
Shares issued in lieu of dividends 33 203 100
Reserves credit for equity compensation plans 9 48 22
Other movements (2) (1)
Balance at 31 December 23,136 18,746
Where applicable, the accounting policies of the Company are the same as those of the Group on pages 104 to 113. The notes (identified alphabetically) on pages 214 to 218
are an integral part of these separate financial statements. Where the same items appear in the Group financial statements, reference is made to the notes (identified
numerically) on pages 120 to 210.