Group results

European Embedded Value (EEV) basis unaudited interim supplementary information

EEV basis results

Movement in shareholders’ equity (excluding minority interests)


	Half year 2007 £m	Half year 2006 £m	Full year 2006 £m
Profit for the period attributable to equity holders of the Company	1,775	1,052	2,212
Items taken directly to equity:
Exchange movements	(65)	(217)	(359)
Unrealised valuation movements on Egg securities classified as available-for-sale	(2)	(4)	(2)
Movement on cash flow hedges	(3)	4	7
Related tax	(11)	(39)	(74)
Dividends	(288)	(267)	(399)
Acquisition of Egg minority interests	-	(167)	(167)
New share capital subscribed	117	253	336
Reserve movements in respect of share-based payments	9	6	15
Treasury shares:
Movement in own shares in respect of share-based payment plans	11	9	6
Movement on Prudential plc shares purchased by unit trusts consolidated under IFRS	1	1	0
Mark to market value movement on Jackson assets backing surplus and required capital*	(15)	-	7
Net increase in shareholders’ equity	1,529	631	1,582
Shareholders’ equity at beginning of period (excluding minority interests)	11,883	10,301	10,301
Shareholders’ equity at end of period (excluding minority interests)	13,412	10,932	11,883
Comprising:
UK operations:
Long-term business	6,308	5,370	5,813
M&G:
Net assets	287	273	230
Acquired goodwill	1,153	1,153	1,153
Egg	-	360	292
	7,748	7,156	7,488
US operations	3,544	3,379	3,360
Asian operations:
Net assets	3,012	2,159	2,637
Acquired goodwill	172	172	172
Holding company net borrowings (at market value)	(811)	(1,558)	(1,542)
Other net liabilities	(253)	(376)	(232)
Shareholders’ equity at end of period (excluding minority interests)	13,412	10,932	11,883
Representing shareholders’ equity for:
Long-term business operations	12,690	10,756	11,664
Other operations	722	179	219
	13,412	10,932	11,883

* The mark to market value movement on Jackson assets backing surplus and required capital for full year 2006 represents the cumulative adjustment as at 31 December 2006.