IFRS operating profit

Half year
2016
£m

Half year
2015
£m

Insurance business
Long-term business:
Asia 682 574
US 888 834
UK 473 436
Long-term business profit 2,043 1,844
UK general insurance commission 19 17
Asset management business:
M&G 225 251
Prudential Capital 13 7
Eastspring Investments 61 58
US broker-dealer and asset management (12) 12
Other income and expenditure (272) (283)
Solvency II implementation costs (11) (17)
Restructuring costs (7) (8)
Total IFRS basis operating profit based on longer-term investment returns 2,059 1,881
Short-term fluctuations in investment returns on shareholder-backed business (1,360) 86
Amortisation of acquisition accounting adjustments (35) (39)
Cumulative exchange loss on the sold Japan Life business recycled from other comprehensive income - (46)
Profit before tax attributable to shareholders 664 1,882
Total tax charge attributable to policyholders and shareholders (269) (646)
Adjustment to remove tax charge attributable to policyholders returns 292 202
Tax credit (charge) attributable to shareholders’ returns 23 (444)
Profit for the year attributable to equity holders of the Company 687 1,438
Earnings per share (in pence)
Based on profit attributable to the equity holders of the Company:
Basic 26.9p 56.3p
Diluted 26.8p 56.2p