Pro forma reconciliation of Group operating profit to profit before tax - IFRS basis
For the year ended 31 December 2007
| 2007 €m |
2007 £m |
Restated 2006 £m |
|
|---|---|---|---|
| IFRS operating profit before tax attributable to shareholders' profits | |||
| 2,403 | Long-term business | 1,634 | 1,334 |
| 228 | Fund management | 155 | 155 |
| 1,519 | General insurance and health | 1,033 | 1,686 |
| Other: | |||
| (109) | Other operations and regional costs | (74) | (25) |
| (231) | Corporate centre | (157) | (160) |
| (534) | Group debt costs and other interest | (363) | (381) |
| 3,276 | IFRS operating profit before adjusting items and tax attributable to shareholders' profits | 2,228 | 2,609 |
| Adjusted for the following: | |||
| 22 | Investment return variances and economic assumption changes on long-term business | 15 | 401 |
| (15) | Impairment of goodwill | (10) | (94) |
| (151) | Amortisation and impairment of intangibles | (103) | (64) |
| (271) | Short-term fluctuation in return on investments backing general insurance and health business | (184) | 149 |
| 73 | Profit on the disposal of subsidiaries and associates | 49 | 222 |
| (225) | Integration and restructuring costs | (153) | (246) |
| 2,709 | Profit before tax attributable to shareholders' profits | 1,842 | 2,977 |
| Tax attributable to shareholders' profits | |||
| (893) | Operating profit | (607) | (645) |
| 397 | Other activities | 270 | 57 |
| (496) | (337) | (588) | |
| 2,213 | Profit for the year | 1,505 | 2,389 |
2006 has been restated to reflect the change in the definition of group operating profit on an International Financial Reporting Standards ("IFRS") basis. See the Basis of preparation - IFRS.
| 2007 | 2007 | Restated 2006 |
|
|---|---|---|---|
| Earnings per share – IFRS operating profit basis | |||
| 72.4c | Basic (pence per share) | 53.2p | 70.1p |
| 71.6c | Diluted (pence per share) | 52.7p | 69.4p |
