Preliminary results year ended 31 December 2008
05 March 2009

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M5 – Geographical analysis of fund management operating earnings

The summarised consolidated income statement – MCEV basis, includes earnings from the group's fund management operations as analysed below. As explained in note M21, 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.

  2008
£m
2007
£m
United Kingdom 34 40
Europe 9 15
North America (3) 3
Asia Pacific 1 6
Aviva Investors 41 64
United Kingdom (18) (10)
Netherlands 2 17
Other Europe 4 4
Asia Pacific 13 15
Total 42 90

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