Aviva plc: Adoption of Aviva Market Consistent Embedded Value (MCEV) methodology and impact on results
Consolidated statement of recognised income and expense – MCEV basis
| Reviewed 6 months 2008 £m |
Audited Full year 2007 £m |
|
|---|---|---|
| Fair value (losses)/gains on AFS securities, owner-occupied properties and hedging instruments | (130) | 45 |
| Fair value gains transferred to profit | (10) | (12) |
| Impairment losses on revalued assets | 74 | – |
| Actuarial (losses)/gains on pension schemes | (690) | 648 |
| Actuarial gains/(losses) on pension schemes transferred to unallocated divisible surplus and other movements | 71 | (61) |
| Foreign exchange rate movements | 984 | 1,159 |
| Aggregate tax effect – shareholder tax | 11 | (246) |
| Net income recognised directly in equity | 310 | 1,533 |
| (Loss)/profit for the period | (2,361) | 1,946 |
| Total recognised (expense)/income for the period | (2,051) | 3,479 |
| Attributable to: | ||
| Equity shareholders of Aviva plc | (2,274) | 3,044 |
| Minority interests | 223 | 435 |
| (2,051) | 3,479 |