Aviva 2007 Annual Report Download - page 130
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Restated
2007 2007 2006
5mNote £m £m
Income 5
45,575 Gross written premiums 30,991 28,735
(2,438) Premiums ceded to reinsurers (1,658) (1,501)
43,137 Premiums written net of reinsurance 29,333 27,234
(31) Net change in provision for unearned premiums (21) 93
43,106 Net earned premiums G 29,312 27,327
2,588 Fee and commission income H & I 1,760 1,870
14,453 Net investment income J 9,828 15,490
(447) Share of (loss)/profit after tax of joint ventures and associates (304) 485
72 Profit on the disposal of subsidiaries and associates 49 222
59,772 40,645 45,394
Expenses 6
(39,884) Claims and benefits paid, net of recoveries from reinsurers (27,121) (23,444)
(5,157) Change in insurance liabilities, net of reinsurance (3,507) (2,620)
(2,968) Change in investment contract provisions (2,018) (6,002)
4,297 Change in unallocated divisible surplus 2,922 (558)
(6,446) Fee and commission expense (4,383) (5,043)
(5,107) Other expenses (3,473) (3,557)
(1,776) Finance costs 7 (1,208) (847)
(57,041) (38,788) (42,071)
2,731 Profit before tax 1,857 3,323
(22) Tax attributable to policyholders’ returns 13 (15) (346)
2,709 Profit before tax attributable to shareholders’ profits 1,842 2,977
(518) Tax expense AB & 13 (352) (934)
22 Less: tax attributable to policyholders’ returns 13 15 346
(496) Tax attributable to shareholders’ profits (337) (588)
2,213 Profit for the year 1,505 2,389
Attributable to:
1,951 Equity shareholders of Aviva plc 1,327 2,215
262 Minority interests 36b 178 174
2,213 1,505 2,389
Earnings per share AF & 14
72.4c Basic (pence per share) 49.2p 87.5p
71.6c Diluted (pence per share) 48.7p 86.6p
Aviva plc
Annual Report and
Accounts 2007
126
Financial
statements
Consolidated income statement
For the year ended 31 December 2007
The accounting policies (identified alphabetically) on pages 114 to125 and notes (identified numerically) on pages132 to 235 are an integral part of these financial statements.