Financial summaries 2004 - 2006
| 2006 £m |
2005 £m |
2004 £m |
||
|---|---|---|---|---|
|
* Present value of new business premiums plus investment sales **From continuing operations *** 2004-6 comparatives restated for the change in IFRS operating profit definition announced 22 November 2007 a. Basic earning per ordinary share are shown. No figures have been provided for diluted earnings per share. |
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| Worldwide long-term savings new business sales* | 30,762 | 26,645 | 22,290 | |
| Worldwide general insurance and health business net written premiums** | 10,702 | 10,311 | 9,818 | |
| Total sales | 41,464 | 36,956 | 32,108 | |
| Consolidated profit and loss account | ||||
| Operating profit | £m | £m | £m | |
| Life European Embedded Value (EEV) operating return | 2,033 | 1,814 | 1,611 | |
| Fund management - EEV basis | 96 | 83 | 11 | |
| General insurance and health | 1,686 | 1,551 | 1,219 | |
| Other | ||||
| Other operations and regional costs | (23) | 28 | (41) | |
| Corporate centre | (160) | (136) | (188) | |
| Group debt costs and other interest | (381) | (436) | (437) | |
| EEV Operating profit before tax attributable to shareholders' profits | 3,251 | 2,904 | 2,175 | |
| Adjustment to report the profits of our long-term insurance, fund management and other operations on an IFRS basis | (636) | (907) | (720) | |
| IFRS Operating profit before tax attributable to shareholders' profits *** | 2,609 | 1,997 | 1,455 | |
| Adjusted for the following: | ||||
| Investment return variances and economic assumption changes on long-term business | 401 | 58 | 80 | |
| Short-term fluctuation in return on investments backing general insurance and health business | 149 | 517 | 161 | |
| Impairment of goodwill | (94) | (43) | (41) | |
| Amortisation and impairment of intangibles | (64) | (45) | (7) | |
| Profit on the disposal of subsidiaries and associates | 222 | 153 | 34 | |
| Integration and restructuring costs | (246) | (109) | - | |
| Exceptional costs for termination of operations | - | - | (40) | |
| Profit before tax attributable to shareholders' | 2,977 | 2,528 | 1,642 | |
| Tax | (588) | (630) | (271) | |
| Profit for the year | 2,389 | 1,898 | 1,371 | |
| Minority interests | (174) | (131) | (96) | |
| Preference dividends | (17) | (17) | (17) | |
| Coupon payment on Direct Capital Instrument, net of tax | (37) | (29) | - | |
| Profit after minority interests, preference dividends and DCI | 2,161 | 1,721 | 1,258 | |
| Consolidated shareholders' funds | ||||
| Capital and reserves – IFRS basis | 11,376 | 8,974 | 7,093 | |
| Equity attributable to shareholders of Aviva plc – IFRS basis | 11,376 | 8,974 | 7,093 | |
| Direct capital instrument | 990 | 990 | 990 | |
| Minority interests | 1,698 | 1,128 | 910 | |
| Shareholders' funds – IFRS basis | 14,064 | 11,092 | 8,993 | |
| Capital and reserves – EEV basis | 10,714 | 8,468 | 6,893 | |
| Additional retained profit on an EEV basis | 6,817 | 6,431 | 4,768 | |
| Equity attributable to shareholders of Aviva plc – EEV basis | 17,531 | 14,899 | 11,661 | |
| Direct capital instrument and preference dividends | 1,190 | 1,190 | 1,190 | |
| Minority interests | 2,137 | 1,457 | 1,160 | |
| Shareholders' funds – EEV basis | 20,858 | 17,546 | 14,011 | |
| Other financial information | ||||
| Ordinary dividends declared and charged in the period | 693 | 598 | 553 | |
| Total dividend per share | 30.00p | 27.27p | 25.36p | |
| Net asset value per ordinary share – EEV basis | 683p | 622p | 511p | |
| Return on equity shareholders' funds | 13.1% | 15.0% | 13.4% | |
| Earnings per share | ||||
| Basic – EEV operating profit after tax basis (a) | 79.2p | 74.5p | 61.6p | |
| Basic – IFRS operating profit after tax basis (a) | 70.1p | 60.5p | 52.6p | |
| Basic – total IFRS return (a) | 87.5p | 73.5p | 55.8p | |