Interim results for 6 months ended 30 June 2006
Proforma reconciliation of Group operating profit to retained profit for the period – IFRS basis
For the six months ended 30 June 2006
| 6 months 2006 €m |
6 months 2006 £m |
6 months 2005 £m |
Full year 2005 £m |
|
|---|---|---|---|---|
| IFRS operating profit before tax attributable to shareholders’ profits | ||||
| 1,044 | Long-term business | 710 | 510 | 1,065 |
| 90 | Fund management | 61 | 41 | 124 |
| 1,274 | General insurance and health | 866 | 694 | 1,551 |
| Other: | ||||
| (16) | Other operations | (11) | (6) | (40) |
| (107) | Corporate costs | (73) | (83) | (136) |
| (261) | Unallocated interest charges | (177) | (213) | (436) |
| 2,024 | IFRS operating profit before tax attributable to shareholders’ profits | 1,376 | 943 | 2,128 |
| Adjusted for the following: | ||||
| – | Impairment of goodwill | – | (10) | (43) |
| (49) | Amortisation and impairment of acquired value of in-force business | (33) | (44) | (73) |
| (28) | Amortisation and impairment of intangibles | (19) | (16) | (45) |
| 9 | Financial Services Compensation Scheme and other levies | 6 | – | – |
| (301) | Short-term fluctuation in return on investments backing general insurance and health business | (205) | 120 | 517 |
| 216 | Profit on the disposal of subsidiaries and associates | 147 | 145 | 153 |
| (36) | Integration costs | (24) | (14) | (109) |
| 1,835 | Profit before tax attributable to shareholders’ profits | 1,248 | 1,124 | 2,528 |
| Tax attributable to shareholders’ profits | ||||
| (544) | Operating profit | (370) | (256) | (536) |
| 75 | Other activities | 51 | (51) | (94) |
| 1,366 | Profit for the period | 929 | 817 | 1,898 |
