Summarised consolidated income statement - EEV basis
For the year ended 31 December 2007
| 2007 €m |
2007 £m |
Restated 2006 £m |
|
|---|---|---|---|
| Operating profit before tax attributable to shareholders’ profits | |||
| 4,049 | Life EEV operating return | 2,753 | 2,033 |
| 132 | Fund management1 | 90 | 96 |
| 1,519 | General insurance and health2 | 1,033 | 1,686 |
| Other: | |||
| (103) | Other operations and regional costs3 | (70) | (23) |
| (231) | Corporate centre | (157) | (160) |
| (534) | Group debt costs and other interest | (363) | (381) |
| 4,832 | Operating profit before tax attributable to shareholders’ profits | 3,286 | 3,251 |
| Adjusted for the following: | |||
| (661) | Variation from longer-term investment return on long-term business | (450) | 319 |
| 760 | Effect of economic assumption changes on long-term business | 517 | 671 |
| (271) | Short-term fluctuation in return of investments backing general insurance and health business | (184) | 149 |
| (15) | Impairment of goodwill | (10) | (94) |
| (131) | Amortisation and impairment of intangibles | (89) | (46) |
| 29 | Profit on the disposal of subsidiaries and associates | 20 | 161 |
| (225) | Integration and restructuring costs | (153) | (246) |
| 4,318 | Profit before tax | 2,937 | 4,165 |
| (1,459) | Tax on operating profit | (992) | (1,028) |
| 279 | Tax on other activities | 189 | (258) |
| 3,138 | Profit for the year | 2,134 | 2,879 |
| Attributable to: | |||
| 2,719 | Equity shareholders of Aviva plc | 1,869 | 2,648 |
| 419 | Minority interests | 265 | 231 |
| 3,138 | 2,134 | 2,879 |
- 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 consistent with CFO Forum EEV principles
- Restated 2006 results reflect the adjustment to general insurance and health operating profit for £6 million FSCS levy credit, previously reported outside operating profit but included in profit before tax.
- 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.
