Group financial statements

Summarised consolidated income statement
Year ended 31 December 2006

	Note	2006 £m	2005 £m
Operating profit from continuing operations based on longer-term investment returns
UK insurance operations		686	426
M&G		204	163
Egg		(145)	44
UK operations		745	633
US operations		718	755
Asian operations		864	568
Other income and expenditure		(298)	(244)
UK restructuring costs	8	(53)	-
Operating profit from continuing operations based on longer-term investment returns		1,976	1,712
Goodwill impairment charge		-	(120)
Short-term fluctuations in investment returns	9	745	1,068
Mark to market value movements on core borrowings	10	85	(67)
Shareholders' share of actuarial and other gains and losses on defined benefit pension schemes	11	207	(47)
Effect of changes in economic assumptions and time value of cost of options and guarantees	12	59	(302)
Profit from continuing operations before tax (including actual investment returns)		3,072	2,244
Shareholder tax	12	(859)	(653)
Profit from continuing operations for the financial year after tax before minority interests		2,213	1,591
Discontinued operations (net of tax)		-	3
Profit for the year		2,213	1,594
Attributable to:
Equity holders of the Company		2,212	1,582
Minority interests		1	12
Profit for the year		2,213	1,594