Aviva 2009 Annual Report Download - page 176

174
2008
Aviva plc Notes to the consolidated financial statements continued
Annual Report and Accounts 2009
14 – Earnings per share continued
Operating
profit
£m
Adjusting
items
£m
Total
£m
Profit/(loss) before tax attributable to shareholders’ profits
Tax attributable to shareholders’ (loss)/profits
2,297
(487)
(3,597)
902
(1,300)
415
Profit/(loss) for the year 1,810 (2,695) (885)
Amount attributable to minority interests (91) 61 (30)
Cumulative preference dividends for the year (17) — (17)
Coupon payments in respect of direct capital instruments (DCI) (net of tax) (40) — (40)
Profit/(loss) attributable to ordinary shareholders 1,662 (2,634) (972)
(ii) Basic earnings per share is calculated as follows:
Net of tax,
minorities,
preference
dividends
Before tax and DCI Per share
£m £m p
Operating profit attributable to ordinary shareholders 2,022 1,221 45.1
Non-operating items:
Investment return variances and economic assumption changes on long-term business (note 8) (75) (120) (4.4)
Short-term fluctuation in return on investments backing non-long-term business (note 9b) 95 158 5.8
Economic assumption changes on general insurance and health business (note 9b) 57 41 1.5
Impairment of goodwill and other amounts expensed (note 16a) (62) (62) (2.3)
Amortisation and net impairment of intangibles (note 17) (144) (38) (1.4)
Profit on the disposal of subsidiaries and associates (note 3b) 153 153 5.7
Integration and restructuring costs and exceptional items (note 6) (241) (329) (12.2)
Profit attributable to ordinary shareholders 1,805 1,024 37.8
2008
Net of tax,
minorities,
preference
dividends
Before tax and DCI Per share
£m £m p
Operating profit attributable to ordinary shareholders 2,297 1,662 62.9
Non-operating items:
Investment return variances and economic assumption changes on long-term business (note 8) (1,631) (1,280) (48.4)
Short-term fluctuation in return on investments backing non-long-term business (note 9b) (819) (553) (20.9)
Economic assumption changes on general insurance and health business (94) (67) (2.5)
Impairment of goodwill and other amounts expensed (note 16a) (66) (66) (2.5)
Amortisation and net impairment of intangibles (note 17) (117) (89) (3.4)
Profit on the disposal of subsidiaries and associates (note 3b) 7 7 0.3
Integration and restructuring costs and exceptional items (note 6) (877) (586) (22.3)
Loss attributable to ordinary shareholders (1,300) (972) (36.8)
(iii) The calculation of basic earnings per share uses a weighted average of 2,705 million
(2008: 2,643 million) ordinary shares in
issue, after deducting shares owned by the employee share trusts. The actual number of shares in issue at 31 December 2009
was 2,767 million
(2008: 2,658 million) .
2009