Aviva 2007 Annual Report Download - page 182
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33 – Merger reserve
This note analyses the movements in the merger reserve during the year.
Movements in the year comprised:
2007 2006
£m £m
Balance at 1 January 3,271 3,271
Merger relief on acquisition of AmerUs –871
Transfer to retained earnings on realisation (note 35) –(871)
Balance at 31 December 3,271 3,271
34 – Other reserves
This note gives details of the various reserves forming part of the Group’s consolidated equity, and shows the
movements during the year.
Movements in the year comprised:
Owner-
Currency occupied Investment Hedging Equity
translation properties valuation instruments compensation
reserve (see reserve (see reserve (see reserve (see reserve (see
accounting accounting accounting accounting accounting
policy E) policy O) policy S) policy T) policy AA) Total
£m £m £m £m £m £m
Balance at 1 January 2006 55 179 844 19 43 1,140
Arising in the year:
Fair value gains – 26 347 – – 373
Fair value gains transferred to profit on disposals – – (162) – – (162)
Fair value gains transferred to retained
earnings on disposals (note 35) – (9) – – – (9)
Impairment losses on revalued assets – (2) – – – (2)
Reserves credit for equity compensation plans
(note 29d) ––––4848
Shares issued under equity compensation plans
(note 35) ––––(18)(18)
Foreign exchange rate movements (386) – – 59 – (327)
Aggregate tax effect – shareholders’ tax – – (50) – – (50)
Balance at 31 December 2006 (331) 194 979 78 73 993
Arising in the year:
Fair value gains – 23 149 – – 172
Fair value gains transferred to profit on disposals – – (391) – – (391)
Transfer to profit on disposal of subsidiary
(note 18c) 3––––3
Fair value gains transferred to retained
earnings on disposals (note 35) – (25) – – – (25)
Share of fair value changes in joint ventures
and associates taken to equity (note 18a) – – 9 – – 9
Reserves credit for equity compensation plans
(note 29d) ––––5050
Shares issued under equity compensation plans
(note 35) ––––(34)(34)
Foreign exchange rate movements 758 – – (141) – 617
Aggregate tax effect – shareholders’ tax – – 73 – – 73
Balance at 31 December 2007 430 192 819 (63) 89 1,467
The above reserves are shown net of minority interests.
Aviva plc
Annual Report and
Accounts 2007
178
Financial
statements
Notes to the consolidated financial statements continued