Aviva plc: Adoption of Aviva Market Consistent Embedded Value (MCEV) methodology and impact on results
MCEV notes to the financial statements
9 – Geographical analysis of fund management operating earnings
This note sets out further information on the operating earnings from fund management set out in the summarised consolidated income statement. These are unchanged from the previously reported numbers.
The summarised consolidated income statement – MCEV basis, includes earnings from the Group’s fund management operations as analysed below. As explained in note 8, this excludes the proportion of the results of Aviva Investors fund management businesses 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 MCEV operating earnings.
| Reviewed 6 months 2008 £m |
Audited Full year 2007 £m |
|
|---|---|---|
| United Kingdom | 13 | 40 |
| Europe | 6 | 15 |
| North America | 1 | 3 |
| Asia | – | 6 |
| Aviva Investors | 20 | 64 |
| United Kingdom | (8) | (10) |
| Netherlands | 6 | 17 |
| Other Europe | 3 | 4 |
| Asia | 9 | 15 |
| Total | 30 | 90 |
