Preliminary results year ended 31 December 2008
05 March 2009
Appendix D – IFRS additional disclosures
D1 – Consolidated income statement
For the year ended 31 December 2008
| 2008 €m |
2008 £m |
Restated 2007 £m |
|||
|---|---|---|---|---|---|
| Income | |||||
| 45,258 | Gross written premiums | 36,206 | 30,991 | ||
| (2,301) | Premiums ceded to reinsurers | (1,841) | (1,658) | ||
| 42,957 | Premiums written net of reinsurance | 34,365 | 29,333 | ||
| 346 | Net change in provision for unearned premiums | 277 | (21) | ||
| 43,303 | Net earned premiums | 34,642 | 29,312 | ||
| 2,356 | Fee and commission income | 1,885 | 1,760 | ||
| (20,054) | Net investment (expense)/income | (16,043) | 9,689 | ||
| (1,410) | Share of loss after tax of joint ventures and associates | (1,128) | (304) | ||
| 9 | Profit on the disposal of subsidiaries and associates | 7 | 49 | ||
| 24,204 | 19,363 | 40,506 | |||
| Expenses | |||||
| (36,691) | Claims and benefits paid, net of recoveries from reinsurers | (29,353) | (27,121) | ||
| 4,856 | Change in insurance liabilities, net of reinsurance | 3,885 | (3,508) | ||
| 13,286 | Change in investment contract provisions | 10,629 | (2,018) | ||
| 5,603 | Change in unallocated divisible surplus | 4,482 | 2,922 | ||
| (5,514) | Fee and commission expense | (4,411) | (4,244) | ||
| (6,770) | Other expenses | (5,416) | (3,473) | ||
| (1,934) | Finance costs | (1,547) | (1,217) | ||
| (27,164) | (21,731) | (38,659) | |||
| (2,960) | (Loss)/profit before tax | (2,368) | 1,847 | ||
| 1,335 | Tax attributable to policyholders’ returns | 1,068 | (15) | ||
| (1,625) | (Loss)/profit before tax attributable to shareholders’ profits | (1,300) | 1,832 | ||
| 1,854 | Tax credit/(expense) | 1,483 | (349) | ||
| (1,335) | Less: tax attributable to policyholders’ returns | (1,068) | 15 | ||
| 519 | Tax attributable to shareholders’ profits | 415 | (334) | ||
| (1,106) | (Loss)/profit for the year | (885) | 1,498 | ||
| Attributable to: | |||||
| (1,144) | Equity shareholders of Aviva plc | (915) | 1,320 | ||
| 38 | Minority interests | 30 | 178 | ||
| (1,106) | (885) | 1,498 | |||
| Earnings per share | |||||
| (46.0)c | Basic (pence per share) | (36.8)p | 48.9p | ||
| (46.0)c | Diluted (pence per share) | (36.8)p | 48.5p |
