Aviva 2013 Annual Report Download - page 133

Strategic report Governance IFRS Financial statements Other information
Aviva plc
Annual report and accounts 2013
131
Notes to the consolidated financial statements
1 – Analysis of the impact of new standards and amendments to published standards that have
been adopted by the Group
(a) Impact of changes in accounting policies/standards on the consolidated income statement
2012
As previously
reported
continuing
operations
£m
Effect of
change in
policy
(IFRS 10)
£m
Effect of
change in
policy
(IAS 19)
£m
Restated
continuing
operations
£m
Total income 43,095 (34) 85 43,146
Effec
t
of change in policy analyse
d
as:
Net investment income 21,106 (56) 85 21,135
Share of loss after tax of joint ventures
and associates (277) 22 — (255)
Total expenses (42,849) 34 65 (42,750)
Effec
t
of change in policy analyse
d
as:
Fee and commission expense (4,472) 15 — (4,457)
Other expenses (2,845) 2 — (2,843)
Finance costs (735) 17 65 (653)
Profit before tax 246 — 150 396
Tax attributable to policyholders’ returns (221) — — (221)
Tax attributable to shareholders’ profits (227) — (34) (261)
Loss after tax (202) — 116 (86)
Loss after tax from discontinued operations (2,848) — — (2,848)
Loss for the year (3,050) — 116 (2,934)
Loss for the year attributable to:
Equity shareholders of Aviva plc (3,218) — 116 (3,102)
Non-controlling interests 168 — — 168
Earnings per share1
Basic earnings per share (113.1)p — 4.0p (109.1)p
Diluted earnings per share (113.1)p — 4.0p (109.1)p
1 From continuing and discontinued operations.
(b) Impact of changes in accounting policies/standards on the consolidated statement of comprehensive income
2012
As previously
reported
£m
Effect of
change in
policy
(IFRS 10)
£m
Effect of
change in
policy
(IAS 19)
£m
Restated
£m
Total comprehensive income for the year (3,810) — — (3,810)
Comprises:
Total loss for the year (3,050) — 116 (2,934)
Total other comprehensive income, net of tax (760) — (116) (876)
Total other comprehensive income, net of tax analysed as:
From continuing operations (828) — (116) (944)
From discontinued operations 68 — — 68
Effec
t
o
f
change in
p
olic
y
analyse
d
as:
Remeasurement of pension schemes2 (830) — (150) (980)
Aggregate tax effect
–
shareholder tax 163 — 34 197
2 Including actuarial gains/(losses) on pension schemes.