Interim results - 6 months ended 30 June 2006
Operating and financial review
- Group operating profit before tax
- Long-term savings
- Life EEV operating return
- Bancassurance margins – before required capital, tax and minority interests
- New business contribution – after deducting required capital, tax and minority interest
- Long-term business operating profit on an International Financial Reporting Standard (IFRS) basis
- Fund management operating profit
- General insurance and health operating profit
- Other operations
- Corporate costs
- Unallocated interest charges
- Profit on ordinary activities before tax
- Dividends
- Pension fund deficit
- Group capital structure
- Life new business sales
- Glossary
European Embedded Value (EEV) basis
- Summarised consolidated income statement – EEV basis
- Earnings per share – EEV basis
- Summarised consolidated statement of recognised income and expense – EEV basis
- Summarised reconciliation of movements in consolidated shareholders’ funds – EEV basis
- Summarised consolidated balance sheet – EEV basis
- Segmentation of summarised consolidated balance sheet – EEV basis
- Basis of preparation – EEV basis
- EEV methodology
- Components of life EEV return
- New business contribution
- EEV basis – new business contribution before the effect of required capital, tax and minority interest
- EEV basis – new business contribution after the effect of required capital, tax and minority interest
- Post tax internal rate of return on life and pensions new business
- Experience variances
- Operating assumption changes
- Geographical analysis of life EEV operating return
- Analysis of movement in life and related businesses embedded value
- Segmental analysis of life and related businesses embedded value
- Time value of options and guarantees
- Minority interest in life and related businesses’ EEV results
- Principal economic assumptions – deterministic calculations
- Principal economic assumptions – stochastic calculations
- Other assumptions
- Sensitivity analysis – economic assumptions
- Sensitivity analysis – non-economic assumptions
IFRS basis
- Summarised consolidated income statement – IFRS basis
- Earnings per share – IFRS basis
- Proforma reconciliation of Group operating profit to retained profit in the period – IFRS basis
- Summarised consolidated statement of recognised income and expense – IFRS basis
- Summarised reconciliation of movements in consolidated shareholders’ funds – IFRS basis
- Summarised consolidated balance sheet – IFRS basis
- Summarised consolidated cash flow statement – IFRS basis
- 1. Basis of preparation – IFRS basis
- 2. Exchange rates
- 3. Acquisitions
- 4. Other income – profit on the disposal of subsidiaries and associates
- 5. Integration costs
- 6. Operations classified as held for sale
- 7. Geographical analysis of life IFRS operating profit
- 8. Geographical analysis of fund management operating profit
- 9. Geographical analysis of general insurance and health
- 10. Analysis of other operations’ operating profit
- 11. Corporate costs
- 12. Unallocated interest charges
- 13. Tax
- 14. Earnings per share
- 15. Dividends and appropriations
- 16. Segmental information
