Aviva 2007 Annual Report Download - page 146
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Aviva plc
Annual Report and
Accounts 2007
142
Financial
statements
Notes to the consolidated financial statements continued
4 – Segmental information continued
Finance costs on central borrowing comprise interest payable on borrowings by holding companies within the Group
which are not allocated to operating companies.
Impairment losses, and reversal of such losses, recognised directly in equity were £(1) million and £nil respectively in long-
term business.
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 2007 £m £m £m £m £m
Segment result before tax 1,571 139 717 (311) 2,116
Finance costs on central borrowings – – – (259) (259)
Adjusted for the following:
Investment return variances and economic assumption
changes on long-term business (15) – – – (15)
Impairment of goodwill 19––10
Amortisation and impairment of intangibles 55 6 25 17 103
Short-term fluctuation in return on investments backing
general insurance and health business – – 184 – 184
(Profit)/loss on the disposal of subsidiaries and associates – – 7 (56) (49)
Integration and restructuring costs 37 1 100 15 153
1,649 155 1,033 (594) 2,243
Less:
Tax attributable to policyholders’ returns (15) – – – (15)
Operating profit before tax attributable to
shareholders’ profits 1,634 155 1,033 (594) 2,228