Interim results - 6 months ended 30 June 2007
EEV Basis
Earnings per share - EEV basis
For the six months ended 30 June 2007
| 6 months 2007 £m | 6 months 2007 £m | 6 months 2006 £m | full year 2006 £m | |
|---|---|---|---|---|
| Operating profit before tax attributable to shareholders' profits | ||||
| 1,840 | Life EEV operating return | 1,251 | 1,021 | 2,033 |
| 66 | Fund management1 | 45 | 33 | 96 |
| 824 | General insurance and health | 560 | 866 | 1,680 |
| Other: | ||||
| (67) | Other operations2 | (45) | 29 | (23) |
| (118) | Corporate centre | (80) | (73) | (160) |
| (279) | Group debt costs and other interest | (190) | (177) | (381) |
| 2,266 | Operating profit before tax attributable to shareholders' profits | 1,541 | 1,699 | 3,245 |
| Adjusted for the following: | ||||
| (4) | Impairment of goodwill | (3) | - | (94) |
| (60) | Amortisation and impairment of intangibles | (41) | (10) | (46) |
| - | Financial Services Compensation Scheme and other levies | - | 6 | 6 |
| 408 | Variation from longer-term investment return | 278 | (944) | 468 |
| 443 | Effect of economic assumption changes | 301 | 471 | 671 |
| (7) | (Loss)/profit on the disposal of subsidiaries and associates | (5) | 86 | 161 |
| (59) | Integration and restructuring costs | (40) | (24) | (246) |
| 2,987 | Profit before tax | 2,031 | 1,284 | 4,165 |
| (612) | Tax on operating profit | (416) | (573) | (1,028) |
| (166) | Tax on other activities | (113) | 49 | (258) |
| 2,209 | Profit for the period | 1,502 | 760 | 2,879 |
| Adjusted to: | ||||
| 2,029 | Equity shareholders of Aviva plc | 1,380 | 674 | 2,648 |
| 180 | Minority interests | 122 | 86 | 231 |
| 2,209 | 1,502 | 760 | 2,879 |
All profit is from continuing operations.
- Excludes the proportion of the results of Morley's fund management businesses, of our French asset management operation Aviva Gestion d'Actifs (AGA) and other fund management operations within the Group that arises from the provision of fund management services to our Life businesses. These results are included within the Life EEV operating return.
- Excludes the proportion of the results of Norwich Union Life Services relating to the services provided to the UK life business. These results are included within the Life EEV operating return. Other subsidiaries providing services to our life businesses do not materially impact the Group results.
