Interim results - 6 months ended 30 June 2007
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EEV Basis
11. Summary of minority interest in life and related businesses' EEV results1
| 6 months 2007 £m |
| |
France |
Ireland |
Italy |
Netherlands |
Poland |
| Minority interest |
| New business contribution before effect of required capital |
13 |
3 |
28 |
3 |
2 |
| Effect of required capital |
(6) |
(1) |
(7) |
(1) |
- |
| New business contribution after effect of required capital |
7 |
2 |
21 |
2 |
2 |
| Life EEV operating return before tax |
19 |
8 |
40 |
8 |
9 |
| Life EEV return after tax |
6 |
9 |
31 |
4 |
10 |
| Closing life and related businesses' embedded value |
165 |
224 |
438 |
105 |
92 |
| 6 months 2007 £m |
| |
Spain |
Europe |
Asia Pacific |
Total |
Shareholder interest |
Group |
| Minority interest |
| New business contribution before effect of required capital |
45 |
94 |
1 |
94 |
455 |
550 |
| Effect of required capital |
(4) |
(19) |
- |
(19) |
(112) |
(131) |
| New business contribution after effect of required capital |
41 |
75 |
1 |
76 |
343 |
419 |
| Life EEV operating return before tax |
55 |
139 |
1 |
140 |
1,111 |
1,251 |
| Life EEV return after tax |
33 |
93 |
1 |
94 |
1,180 |
1,274 |
| Closing life and related businesses' embedded value |
391 |
1,415 |
10 |
1,425 |
17,279 |
18,704 |
| 6 months 2006 £m |
| |
France |
Ireland |
Italy |
Netherlands |
Poland |
| Minority interest |
| New business contribution before effect of required capital |
14 |
3 |
22 |
6 |
2 |
| Effect of required capital |
(5) |
(1) |
(7) |
(1) |
- |
| New business contribution after effect of required capital |
9 |
2 |
15 |
5 |
2 |
| Life EEV operating return before tax |
19 |
2 |
29 |
9 |
10 |
| Life EEV return after tax |
5 |
(4) |
29 |
2 |
8 |
| Closing life and related businesses' embedded value |
151 |
232 |
396 |
73 |
98 |
| 6 months 2006 £m |
| |
Spain |
Europe |
Asia Pacific |
Total |
Shareholder interest |
Group |
| Minority interest |
| New business contribution before effect of required capital |
45 |
92 |
- |
92 |
367 |
459 |
| Effect of required capital |
(5) |
(19) |
- |
(19) |
(88) |
(107) |
| New business contribution after effect of required capital |
40 |
73 |
- |
73 |
279 |
352 |
| Life EEV operating return before tax |
56 |
125 |
1 |
126 |
895 |
1,021 |
| Life EEV return after tax |
20 |
60 |
3 |
63 |
450 |
513 |
| Closing life and related businesses' embedded value |
322 |
1,272 |
11 |
1,283 |
14,249 |
15,532 |
- 1. There are no minorities in the United Kingdom or North America.
