- 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
| Notes | 2006 £m |
2005 £m |
|
|---|---|---|---|
| From continuing operations | |||
| Life and pensions | 16/17 | 1,030 | 901 |
| Investment management | 22 | 181 | 136 |
| General insurance | 9 | 14 | |
| Other operational income | 23 | 13 | 41 |
| Operating profit | 1,233 | 1,092 | |
| Variation from longer term investment return | 20 | 460 | 870 |
| Effect of economic assumption changes | 16 | 2 | 8 |
| Property income attributable to minority interests | 67 | 81 | |
| Corporate restructure | 14 | (216) | – |
| Profit from continuing operations before tax attributable to equity holders | 1,546 | 2,051 | |
| Tax charge on operating profit | (361) |
(314) |
|
| Tax charge on other profits and losses | (61) |
(249) |
|
| Tax charge on profit from ordinary activities | 24 | (422) | (563) |
| Effect of UK tax changes | 25 | – | (276) |
| Tax impact of corporate restructure | 14/25 | 322 | – |
| Profit from continuing operations after tax | 1,446 | 1,212 | |
| Profit from discontinued operations | – | 13 | |
| Profit from ordinary activities after tax | 1,446 | 1,225 | |
| Profit attributable to minority interests | (67) | (81) | |
| Profit attributable to equity holders of the Company | 1,379 | 1,144 | |
| p | p | ||
| Earnings per share | 26 | ||
| Based on operating profit from continuing operations after tax | 13.45 | 12.02 | |
| Based on profit attributable to ordinary equity holders of the Company | 21.27 | 17.42 | |
| Diluted earnings per share | 26 | ||
| Based on operating profit from continuing operations after tax | 13.36 | 11.74 | |
| Based on profit attributable to ordinary equity holders of the Company | 21.12 | 16.89 |