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Aviva plc Annual report and accounts 2014

The accounting policies (identified alphabetically) on pages 117 to 129 and notes (identified numerically on pages 137 to 237 are

an integral part of the financial statements.

Consolidated financial statements continued

134

Consolidated statement of changes in equity

For the year ended 31 December 2014

Ordinary

capital

£m

Preference

capital

£m

premium

£m

Merger

reserve

£m

held by

employee

trusts

£m

Other

Reserves1

£m

Retained

earnings

£m

Equity

attributable

shareholders

of Aviva plc

£m

DCI and

fixed rate

tier 1

notes

£m

Non-

controlling

interests

£m

Total

equity

£m

Balance at 1 January 736 200 1,165 3,271 (31) 475 2,348 8,164 1,382 1,471 11,017

Profit for the year — —

—

1,569 1,569 — 169 1,738

Other comprehensive income — —

—

(242) 1,315 1,073 — (79) 994

Total comprehensive income for the year — —

—

(242) 2,884 2,642 — 90 2,732

Owner-occupied properties fair value gains

transferred to retained earnings on disposals — —

—

(2) 2 — —

—

Dividends and appropriations — —

—

(551) (551) —

—

(551)

Non-controlling interests share of dividends

declared in the year — —

—

— — (189) (189)

Transfer to profit on disposal of subsidiaries,

oint ventures and associates — —

—

(13) 2 (11) —

—

(11)

Changes in non-controlling interests in

subsidiaries — —

—

(36) (36) — (206) (242)

Shares distributed by employee trusts — —

—

(18) 5 —

—

Reserves credit for equity compensation plans — —

—

39 —

—

Shares issued under equity compensation

plans 1 — 7

—

(28) 24 4 —

—

Aggregate tax effect

–

shareholder tax — —

—

19 19 —

—

Redemption of direct capital instrument2 — —

—

(57) (57) (490)

—

(547)

Balance at 31 December 737 200 1,172 3,271 (8) 229 4,617 10,218 892 1,166 12,276

1 Refer to note 37 for further details of balances included in Other reserves.

2 £57 million relates to the foreign exchange loss on redemption of €700 million direct capital instrument on 28 November 2014. See Note 35 for further detail.

For the year ended 31 December 2013

Ordinary

capital

£m

Preference

capital

£m

premium

£m

Merger

reserve

£m

Shares held

by employee

trusts

£m

Other

Reserves1

£m

Retained

earnings

£m

Equity

attributable to

shareholders

of Aviva plc

£m

DCI and

fixed rate

tier 1

notes

£m

Non-

controlling

interests

£m

Total

equity

£m

Balance at 1 January 736 200 1,165 3,271 (32) 1,675 1,389 8,404 1,382 1,574 11,360

Profit for the year —

—

2,008 2,008 — 143 2,151

Other comprehensive income —

—

(421) (549) (970) — 34 (936)

Total comprehensive income for the year —

—

(421) 1,459 1,038 — 177 1,215

Dividends and appropriations —

—

(538) (538) —

—

(538)

Capital contributions from non-controlling

interests —

—

— — 1 1

Non-controlling interests share of dividends

declared in the year —

—

— — (134) (134)

Transfer to profit on disposal of subsidiaries,

oint ventures and associates —

—

(803) 1 (802) —

—

(802)

Changes in non-controlling interests in

subsidiaries —

—

— — (147) (147)

Shares acquired by employee trusts —

—

(32)

—

(32) —

—

(32)

Shares distributed by employee trusts —

—

(28) 5 —

—

Reserves credit for equity compensation plans —

—

37 —

—

Shares issued under equity compensation

plans —

—

(43) 43 — —

—

Aggregate tax effect

–

shareholder tax —

—

30 22 52 —

—

Balance at 31 December 736 200 1,165 3,271 (31) 475 2,348 8,164 1,382 1,471 11,017

1 Refer to note 37 for further details of balances included in Other reserves.

134 | Aviva plc Annual report and accounts 2014