Aviva plc: Adoption of Aviva Market Consistent Embedded Value (MCEV) methodology and impact on results
Reconciliation of movements in consolidated shareholders’ equity – MCEV basis
| Reviewed 6 months 2008 £m |
Audited Full year 2007 £m |
|
|---|---|---|
| Balance at 1 January | 23,689 | 20,443 |
| Total recognised income and expense for the period | (2,051) | 3,479 |
| Dividends and appropriations | (563) | (871) |
| Other issues of share capital, net of transaction costs | 31 | 48 |
| Shares issued in lieu of dividends | 170 | 301 |
| Capital contribution from minority shareholders | 7 | – |
| Minority share of dividends declared in the period | (75) | (66) |
| Minority interest in acquired/disposed subsidiaries | 59 | 315 |
| Movement in shares held by employee trust | – | (10) |
| Changes in minority interest in existing subsidiaries | (78) | – |
| Reserves credit for equity compensation plans | 27 | 50 |
| Total equity | 21,216 | 23,689 |
| Minority interests | (2,637) | (2,501) |
| Balance at 30 June/31 December | 18,579 | 21,188 |
