9. Geographical analysis of fund management operating profit
The summarised consolidated income statement – EEV basis, includes profit from the Group's fund management operations as analysed below. As explained in The Analysis of service companies and fund management businesses within embedded value, this 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.
| 2007 £m |
2006 £m |
|
|---|---|---|
| UK business | 40 | 35 |
| International business | 11 | 9 |
| Morley | 51 | 44 |
| Royal Bank of Scotland | (9) | (7) |
| Norwich Union investment funds | (1) | 1 |
| United Kingdom | 41 | 38 |
| France | 10 | 10 |
| Netherlands | 17 | 33 |
| Other Europe | 4 | 3 |
| Europe | 31 | 46 |
| North America | 3 | 3 |
| Asia Pacific | 15 | 9 |
| Total | 90 | 96 |
