Financials
2008 |
2007 |
Change % |
|
| Statutory Basis (EU IFRS) | |||
| Profit after tax (attributable to equityholders) | €49m | €449m | (89) |
| EPS on continuing activities | 18 cent | 168 cent | (89) |
| EV Basis | |||
| (Loss) / Profit after tax (attributable to equityholders) | (€433m) | €404m | (207) |
| Total EPS | (157 cent) | 147 cent | (207) |
| Operating profit before tax | €341m | €500m | (42) |
| Operating EPS before impairment of goodwill & tax | 111 cent | 195 cent | (43) |
| Dividends | |||
| Final Dividend per share | Nil | 52.5 cent | |
| Total Dividend per share | 22.5 cent | 75.0 cent | |
| Capital Ratios | |||
| Total Tier 1 Capital Ratio Based II (Includes interim capital requirement of 23%) |
9.2 % | 8.7 % | |
| Life Solvency Cover (times) | 1.6 | 1.6 |
The group prepares its financial statements under International Financial Reporting Standards (IFRS) basis which came into effect from 1 January 2005. For our life business we have, since 1991, applied the embedded value basis of reporting. We feel that, overall, embedded value provides the best available measure of economic value added in our life business and it is an important tool for us in managing that business. Therefore we also provide supplementary reporting for the group’s (life) insurance and investment business on an embedded value basis.
To help you understand our financial statements we have set out a guide to our Financial Reporting / Understanding Our Results. This guide provides information and explanations on some of the key areas necessary for an understanding of the group's financial statements
