Setting new standards - Friends Life
Setting new standards - Friends Life
Setting new standards - Friends Life
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
PARENT COMPANY ACCOUNTS<br />
ABBREVIATIONS AND DEFINITIONS<br />
Consolidated statement of recognised income and expense on an EEV basis<br />
For the year ended 31 December 2006<br />
2006 2005<br />
£m £m<br />
Actuarial losses on defined benefit plans net of tax (8) (28)<br />
Foreign exchange adjustments (2) (9)<br />
Net loss recognised directly in equity (10) (37)<br />
Profit after tax 297 404<br />
Total recognised income and expense for the year 287 367<br />
Attributable to:<br />
Ordinary shareholders of the parent 300 417<br />
Minority interest (13) (50)<br />
Total recognised income and expense for the year 287 367<br />
Consolidated movement in ordinary shareholders’ equity on an EEV basis<br />
For the year ended 31 December 2006<br />
2006 2005<br />
£m £m<br />
Total recognised income and expense for the year attributable to ordinary shareholders of the parent 300 417<br />
Dividends on equity shares (164) (157)<br />
Share based payments (impact on EEV reserves) 12 14<br />
Earn-out payments (87) -<br />
Conversion option on convertible bond - 51<br />
Increase in EEV reserves for the year 61 325<br />
Increase as a result of business combinations - 148<br />
Share based payments (impact on share capital and share premium) 13 5<br />
Net addition to ordinary shareholders’ equity 74 478<br />
At 1 January 3,446 2,968<br />
At 31 December 3,520 3,446<br />
<strong>Friends</strong> Provident Annual Report & Accounts 2006 167