Setting new standards - Friends Life

More documents

Recommendations

Info

FINANCIAL STATEMENTS IFRS FINANCIAL STATEMENTS EEV SUPPLEMENTARY INFORMATION Notes to the consolidated accounts continued 11. Share based payments continued LTRP timing vesting options TSR EPS Equity Cash Equity Cash Award date 17 May 2006 17 May 2006 1 Sept 2006 1 Sept 2006 Fair value 177.00 32.00 175.00 31.00 Exercise price - - - - Share price 208.50 208.50 206.25 206.25 Volatility n/a n/a n/a n/a Dividend yield 5.50% 5.50% 5.50% 5.50% Average life 3 years 3 years 3 years 3 years Risk-free rate n/a n/a n/a n/a Deferred Share Award Equity Cash Award date 9 Aug 2006 9 Aug 2006 Fair value 163.0 29.0 Exercise price - - Share price 193.75 193.75 Volatility n/a n/a Dividend yield 5.50% 5.50% Average life 3 years 3 years Risk-free rate n/a n/a 12. Finance costs 2006 2005 £m £m Subordinated loan interest 20 21 Debenture loan interest 29 31 Convertible loan interest 22 22 Interest paid to credit institutions 17 15 Total finance costs 88 89 116 <strong>Friends</strong> Provident Annual Report & Accounts 2006
PARENT COMPANY ACCOUNTS ABBREVIATIONS AND DEFINITIONS Notes to the consolidated accounts continued 13. Taxation (a) Tax charged to the income statement 2006 2005 £m £m Current tax expense UK corporation tax (30%) 49 107 Adjustments in respect of prior periods (25) (7) Overseas taxation 21 19 Tax relief on STICS interest payable (16) (7) Total current tax expense 29 112 Deferred tax expense Origination and reversal of temporary differences 31 66 Adjustments in respect of prior periods 10 - Total deferred tax expense 41 66 Total tax expense 70 178 Analysis: Policyholder tax 124 218 Shareholder tax (54) (40) Total tax expense 70 178 Policyholders’ tax is tax on the income and investment returns charged to policyholders of linked funds and with-profits funds. Shareholders’ tax is tax charged to shareholders on the profits of the Group. <strong>Friends</strong> Provident Annual Report & Accounts 2006 117
Page 1 and 2:
Setting new standards Friends Provi
Page 3 and 4:
ANNUAL REVIEW CORPORATE GOVERNANCE
Page 5 and 6:
Group financial highlights Group
Page 7 and 8:
INTERNATIONAL LIFE & PENSIONS ASSET
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
DIRECTORS’ REPORT CORPORATE GOVER
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68: DIRECTORS’ REPORT CORPORATE GOVER
Page 69 and 70: DIRECTORS’ REPORT CORPORATE GOVER
Page 71 and 72: FINANCIAL STATEMENTS Independent Au
Page 73 and 74: PARENT COMPANY ACCOUNTS ABBREVIATIO
Page 117: PARENT COMPANY ACCOUNTS ABBREVIATIO
Page 169 and 170:
PARENT COMPANY ACCOUNTS ABBREVIATIO
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193:
Page 196:
Friends Provident plc Pixham End Do
show all

Setting new standards - Friends Life

Create successful ePaper yourself

Delete template?

Save as template?