Interim Report 2007

Group results

European Embedded Value (EEV) basis unaudited interim supplementary information

EEV basis results


Summarised consolidated balance sheet


30 Jun 2007
£m
30 Jun 2006
£m
31 Dec 2006
£m
Total assets less liabilities, excluding insurance funds 189,436 175,456 183,130
Less insurance funds:*
Policyholder liabilities (net of reinsurers’ share) and unallocated surplus of with-profits funds (183,531) (170,407) (177,642)
Less shareholders’ accrued interest in the long-term business 7,507 5,883 6,395
(176,024) (164,524) (171,247)
Total net assets 13,412 10,932 11,883
Share capital 123 121 122
Share premium 1,823 1,808 1,822
IFRS basis shareholders’ reserves 3,959 3,120 3,544
Total IFRS basis shareholders’ equity 5,905 5,049 5,488
Additional EEV basis retained profit 7,507 5,883 6,395
Shareholders’ equity (excluding minority interests) 13,412 10,932 11,883

* Including liabilities in respect of insurance products classified as investment contracts under IFRS 4.

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