International Financial Reporting Standards Basis

Condensed Consolidated Balance Sheet

As at 30 June 2006
Condensed Consolidated Balance Sheet - IFRS (£million)
  Notes At 30.06.06
£m
At 30.06.05
Restated
£m
At 31.12.05
£m
Assets
Investments 193,050 163,963 186,413
Other assets   6,891 6,104 5,452
    199,941 170,067 191,865
Equity and liabilities
Ordinary shareholders' equity 4,252 3,797 4,257
Subordinated borrowings designated as equity 27 394 394
Minority interests 28 318 215 285
Total equity 26 4,570 4,406 4,936
Subordinated borrowings 27 813 407 415
Unallocated divisible surplus 1,982 1,938 1,894
Participating contract liabilities 19,764 19,152 20,277
Non-participating contract liabilities 167,126 138,687 158,956
Senior borrowings 27 1,682 1,566 1,634
Other creditors and provisions   4,004 3,911 3,753
Total liabilities   195,371 165,661 186,929
    199,941 170,067 191,865

Consolidated Statement of Recognised Income and Expense

Six months ended 30 June 2006
Consolidated Statement of Recognised Income and Expense - IFRS
  30.06.06
£m
30.06.05
Restated
£m
Full year
2005
£m
Fair value losses on cash flow hedges (3)
Exchange differences on translation of overseas operations (26) 7 20
Actuarial gains/(losses) on defined benefit pension scheme 64 (28) (55)
Actuarial (gains)/losses on defined benefit pension scheme transferred to unallocated divisible surplus (28) 11 22
Net change in financial investments designated as available-for-sale (12) - (10)
Net expense recognised directly in equity (5) (10) (23)
Profit from ordinary activities after income tax 277 377 1,025
Total recognised income and expense for the period 272 367 1,002
 
Attributable to:
Minority interests 21 11 81
Equity holders of the Company 251 356 921

© Legal & General Group plc 2006

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