Summarised consolidated income statement - EEV basis


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For the six months ended 30 June 2008

6 months
2008
€m
    6 months
2008
£m
6 months
2007
£m
Full year
2007
£m

All (loss)/profit is from continuing operations.

1. Excludes the proportion of the results of Aviva Investors and other fund management operations within the Group that arise 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.
2. Excludes the proportion of the results of subsidiaries providing services to the Life businesses. These results are included within the Life EEV operating return.
    Operating profit before tax attributable to shareholders’ profits      
1,922   Life EEV operating return 1,480 1,251 2,753
39   Fund management1 30 45 90
699   General insurance and health 538 560 1,033
    Other:      
(75)   Other operations and regional costs2 (57) (45) (70)
(92)   Corporate centre (71) (80) (157)
(261)   Group debt costs and other interest (201) (190) (363)
2,232   Operating profit before tax attributable to shareholders’ profits 1,719 1,541 3,286
    Adjusted for the following:      
(3,425)   Variation from longer term investment return on long-term business (2,638) 241 (450)
(188)   Effect of economic assumption changes on long-term business (145) 301 517
(408)   Short-term fluctuation in return on investments backing general insurance and health business (314) 37 (184)
(55)   Impairment of goodwill (42) (3) (10)
(57)   Amortisation and impairment of intangibles (44) (41) (89)
12   Profit/(loss) on the disposal of subsidiaries and associates 9 (5) 20
(171)   Integration and restructuring costs (132) (40) (153)
(110)   Exceptional costs for termination of operations (84)
(2,170)   (Loss)/profit before tax (1,671) 2,031 2,937
(679)   Tax on operating profit (523) (416) (992)
1,193   Tax on other activities 919 (113) 189
(1,656)   (Loss)/profit for the period (1,275) 1,502 2,134
    Attributable to:      
(1,749)   Equity shareholders of Aviva plc (1,347) 1,380 1,869
93   Minority interests 72 122 265
(1,656)     (1,275) 1,502 2,134

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