Aviva 2007 Annual Report Download - page 148
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Aviva plc
Annual Report and
Accounts 2007
144
Financial
statements
Notes to the consolidated financial statements continued
4 – Segmental information continued
Pro forma reconciliation to operating profit before tax attributable to shareholders’ profits
General
Long-term Fund insurance Restated
business management and health Other Total
For the year ended 31 December 2006 £m £m £m £m £m
Segmental result before tax 2,045 154 1,811 (457) 3,553
Finance costs on central borrowings – – (2) (228) (230)
Adjusted for the following items:
Investment return variances and economic assumption
changes on long-term business (401) – – – (401)
Impairment of goodwill – – – 94 94
Amortisation and impairment of intangibles 26 1 18 19 64
Short-term fluctuation in return on investments backing
general insurance and health business – – (149) – (149)
Profit on the disposal of subsidiaries and associates (12) – (88) (122) (222)
Integration and restructuring costs 21 – 95 130 246
Other interest and cost reallocation 1 – 1 (2) –
1,680 155 1,686 (566) 2,955
Less:
Tax attributable to policyholders’ returns (346) – – – (346)
Operating profit before tax attributable to
shareholders’ profits 1,334 155 1,686 (566) 2,609
(iii) Segmental balance sheet by business segment
General
Long-term Fund insurance
business management and health Other Total
As at 31 December 2007 £m £m £m £m £m
Goodwill 1,414 3 418 1,247 3,082
Acquired value of in-force business and intangible assets 2,628 12 424 133 3,197
Interests in, and loans to, joint ventures and associates 3,509 47 4 222 3,782
Property and equipment 435 9 70 428 942
Investment property 14,701 – 360 16 15,077
Loans 26,600 – 960 8,633 36,193
Financial investments 201,455 32 10,420 3,461 215,368
Other assets 28,202 630 11,688 593 41,113
Segment assets 278,944 733 24,344 14,733 318,754
Unallocated assets – tax assets 966
Total assets 319,720
Insurance liabilities 135,014 – 18,026 – 153,040
Liability for investment contracts 98,244 – – – 98,244
Unallocated divisible surplus 6,785 – – – 6,785
Net asset value attributable to unitholders 3,934 – 46 – 3,980
External borrowings 3,947 – – 4,399 8,346
Other liabilities, including inter-segment liabilities 13,714 348 212 10,430 24,704
Segment liabilities 261,638 348 18,284 14,829 295,099
Unallocated liabilities
Central borrowings (see opposite) 4,311
Tax liabilities 3,718
Total liabilities 303,128
Total equity 16,592
Total equity and liabilities 319,720
Capital expenditure (excluding business combinations)
Intangible assets 47 3 (340) 371 81
Property and equipment 46 5 13 163 227
93 8 (327) 534 308