Preliminary results - 12 months ended 31 December 2006 01 March 2007
Proforma reconciliation of Group operating profit to profit before tax – IFRS basis
For the year ended 31 December 2006
| 2006 €m |
2006 £m |
2005 £m |
|
|---|---|---|---|
| IFRS operating profit before tax attributable to shareholders’ profits | |||
| 2,788 | Long-term business | 1,8961,065 | |
| 228 | Fund management | 155 | 124 |
| 2,471 | General insurance and health | 1,680 | 1,551 |
| Other: | |||
| (118) | Other operations | (80) | (40) |
| (235) | Corporate costs | (160) | (136) |
| (560) | Unallocated interest charges | (381) | (436) |
| 4,574 | IFRS operating profit before adjusting items and tax attributable to shareholders’ profits | 3,110 | 2,128 |
| Adjusted for the following: | |||
| (138) | Impairment of goodwill | (94) | (43) |
| (147) | Amortisation and impairment of acquired value of in-force business | (100) | (73) |
| (103) | Amortisation and impairment of intangibles | (70) | (45) |
| 9 | Financial Services Compensation Scheme and other levies | 6 | - |
| 219 | Short-term fluctuation in return on investments backing general insurance and health business | 149 | 517 |
| 326 | Profit on the disposal of subsidiaries and associates | 222 | 153 |
| (362) | Integration and restructuring costs | (246) | (109) |
| 4,378 | Profit before tax attributable to shareholders’ profits | 2,977 | 2,528 |
| Tax attributable to shareholders’ profits | |||
| (1,066) | Operating profit | (725) | (536) |
| 201 | Other activities | 137 | (94) |
| (865) | (588) | (630) | |
| 3,513 | Profit for the year | 2,389 | 1,898 |
| 2006 | 2006 | 2005 | |
|---|---|---|---|
| Earnings per share – IFRS operating profit basis | |||
| 127.8c | Basic (pence per share) | 86.9p | 60.5p |
| 126.5c | Diluted (pence per share) | 86.0p | 60.0p |
