Preliminary results - 12 months ended 31 December 2005
Proforma reconciliation of Group operating profit to retained profit for the year – IFRS basis
For the year ended 31 December 2005
| 2005 €m |
2005 £m |
2004 £m |
|
|---|---|---|---|
| IFRS operating profit before tax attributable to shareholders’ profits | |||
| 1,566 | Long-term business | 1,065 | 1,116 |
| 135 | Fund management | 92 | 40 |
| 2,281 | General insurance and health | 1,551 | 1,259 |
| Other: | |||
| (12) | Other operations | (8) | (121) |
| (200) | Corporate costs | (136) | (188) |
| (641) | Unallocated interest charges | (436) | (437) |
| 3,129 | IFRS operating profit before tax attributable to shareholders’ profits | 2,128 | 1,669 |
| Adjusted for the following: | |||
| (63) | Impairment of goodwill | (43) | (41) |
| Amortisation and impairment of acquired value of in-force | |||
| (107) | business | (73) | (85) |
| (66) | Amortisation and impairment of intangibles | (45) | (7) |
| - | Financial Services Compensation Scheme and other levies | - | (49) |
| Short-term fluctuation in return on investments backing | |||
| 760 | general insurance and health business | 517 | 161 |
| 225 | Profit on the disposal of subsidiaries and associates | 153 | 34 |
| (160) | Integration costs | (109) | - |
| - | Exceptional costs for termination of operations | - | (40) |
| 3,718 | Profit before tax attributable to shareholders’ profits | 2,528 | 1,642 |
| Tax attributable to shareholders’ profits | |||
| (790) | Operating profit | (536) | (319) |
| (137) | Other activities | (94) | 48 |
| 2,791 | Profit after tax attributable to shareholders | 1,898 | 1,371 |
| 2005 | 2005 | 2004 | |
|---|---|---|---|
| Earnings per share – IFRS operating profit basis | |||
| 89.0c | Basic (pence per share) | 60.5p | 54.1p |
| 88.2c | Diluted (pence per share) | 60.0p | 53.7p |
