Pro forma reconciliation of group operating profit to profit after tax – IFRS basis
Pro-forma reconciliation of group operating profit to profit after tax – IFRS basis
For the year ended 31 December 2009
| 2009 £m |
2008 £m |
|
|---|---|---|
| Operating profit before tax attributable to shareholders’ profits | ||
| Long-term business | ||
| United Kingdom | 672 | 751 |
| Europe | 1,038 | 881 |
| North America | 85 | 16 |
| Asia Pacific | 92 | 46 |
| Total long-term business | 1,887 | 1,694 |
| General insurance and health | ||
| United Kingdom | 535 | 656 |
| Europe | 275 | 397 |
| North America | 144 | 145 |
| Asia Pacific | 6 | — |
| Total general insurance and health | 960 | 1,198 |
| Fund Management | ||
| Aviva Investors | 115 | 114 |
| United Kingdom | (14) | (18) |
| Europe | 31 | 14 |
| Asia Pacific | 1 | 13 |
| Total fund management | 133 | 123 |
| Other | ||
| Other operations and regional costs | (214) | (198) |
| Regional operating profit | 2,766 | 2,817 |
| Corporate centre | (108) | (141) |
| Group debt costs and other interest | (636) | (379) |
| Operating profit before tax attributable to shareholders | 2,022 | 2,297 |
| Adjusted for the following: | ||
| Investment return variances and economic assumption changes on long-term business | (75) | (1,631) |
| Short-term fluctuation in return on investments on non-long-term business | 95 | (819) |
| Economic assumption changes on general insurance and health business | 57 | (94) |
| Impairment of goodwill | (62) | (66) |
| Amortisation and impairment of intangibles | (144) | (117) |
| Profit on the disposal of subsidiaries and associates | 153 | 7 |
| Integration and restructuring costs | (286) | (326) |
| Exceptional items | 45 | (551) |
| Profit/(loss) before tax | 1,805 | (1,300) |
| Tax on operating profit | (547) | (487) |
| Tax on other activities | 57 | 902 |
| (490) | 415 | |
| Profit/(loss) after tax | 1,315 | (885) |
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