- Consolidated Income Statement - European Embedded Value Basis
- Consolidated Balance Sheet - European Embedded Value Basis
- Consolidated Statement of Recognised Income and Expense
- Notes to the Supplementary Financial Statements
- Independent Auditors' Report
To the Directors of Legal & General Group Plc on the Supplementary Financial Statements
We have audited the supplementary financial statements for the year ended 31 December 2006 that comprise the Consolidated Income Statement — European Embedded Value basis, Consolidated Balance Sheet — European Embedded Value basis and the Consolidated Statement of Recognised Income and Expense — European Embedded Value and the relevant Notes 1 to 32 (‘the supplementary financial statements’) which have been prepared in accordance with the European Embedded Value (‘EEV’) basis set out in Notes 1 to 13 and which should be read in conjunction with the Group’s financial statements.
Respective responsibilities of directors and auditors
The directors are responsible for preparing the supplementary financial statements on the EEV basis in accordance with the EEV basis set out in Notes Notes 1 to 13. Our responsibilities, as independent auditors, in relation to the supplementary financial statements are, as set out in our letter of engagement agreed with you dated 5 December 2006, to report to you our opinion as to whether the supplementary financial statements have been properly prepared, in all material respects, in accordance with the EEV basis. We also report to you if we have not received all the information and explanations we require for our audit of the supplementary financial statements. This report, including the opinion, has been prepared for and only for the Company’s directors as a body in accordance with our letter of engagement dated 5 December 2006, and for no other purpose. We do not, in giving this opinion, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or in to whose hands it may come save where expressly agreed by our prior consent in writing.
Basis of audit opinion
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. Our audit included examination, on a test basis, of evidence relevant to the amounts and disclosures in the supplementary financial statements. This evidence included an assessment of the significant estimates and judgements made by the directors in the preparation of the supplementary financial statements, and of whether the accounting policies are appropriate to the Legal & General Group’s circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the supplementary financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the supplementary financial statements.
Opinion
In our opinion, the supplementary financial statements for the year ended 31 December 2006 have been properly prepared in all material respects in accordance with the EEV basis set out in Notes 1 to 13.
PricewaterhouseCoopers LLP
Chartered Accountants
London
13 March 2007
- (a)
- The supplementary financial statements are published on the website of Legal & General Group Plc, www.legalandgeneralgroup.com. The maintenance and integrity of the Legal & General Group Plc website is the responsibility of the directors; the audit work does not involve consideration of these matters and, accordingly, we accept no responsibility for any changes that may have occurred to the supplementary financial statements since they were initially presented on the website.
- (b)
- Legislation in the United Kingdom governing the preparation and dissemination of supplementary financial statements may differ from legislation in other jurisdictions.