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Notes to the EEV Basis ResultscontinuedIII. COMPONENTS OF LIFE AND UNIT TRUST EEV PROFITLife businessSixMonthsEnded30 June2011SixMonthsEnded30 June2010TwelveMonthsEnded31 December2010£ million £ million £ millionNew business contribution 91.6 70.1 157.9Profit from existing business– Unwind of discount rate 46.6 37.2 74.0– Experience variances (0.2) 8.8 24.8– Operating assumption changes – – (3.4)Investment income 1.9 1.6 3.5Operating profit before tax 139.9 117.7 256.8Investment return variances (0.4) (65.5) 84.9Economic assumption changes (1.7) 10.3 5.8Profit before tax 137.8 62.5 347.5Attributed tax (32.1) (16.3) (87.9)Corporation tax rate charge 13.9 – 13.8Profit after tax 119.6 46.2 273.4New business contribution after tax is £70.2 million (30 June 2010: £52.5 million).36St. James’s Place plc Registered No. 3183415
Unit Trust businessSixMonthsEnded30 June2011SixMonthsEnded30 June2010TwelveMonthsEnded31 December2010£ million £ million £ millionNew business contribution 36.1 30.8 59.9Profit from existing business– Unwind of discount rate 12.5 9.6 19.5– Experience variances 3.0 3.3 1.6– Operating assumption changes – – –Investment income 0.3 0.3 0.7Operating profit before tax 51.9 44.0 81.7Investment return variances 1.3 (19.0) 32.7Economic assumption changes (0.2) (0.9) (1.0)Profit before tax 53.0 24.1 113.4Attributed tax (13.8) (6.8) (31.8)Corporation tax rate charge 3.9 – 3.9Profit after tax 43.1 17.3 85.5New business contribution after tax is £26.7 million (30 June 2010: £22.2 million).Half Year Report 201137
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