Annual Report and Financial Statements 2011

ANNUAL REPORT AND FINANCIAL STATEMENTS 2011 | 123

Five Year Record

Historical summaries The Five Year Record is shown based on International Financial Reporting Standards which have been adopted by the Group. This Five Year Record is not part of the audited Financial Statements.

2008

2007 £m

Consolidated Income Statements

Revenue Investment management fees Other income

Total revenue

Fee and commission expenses Net revenue

Net gains/(losses) and investment income on unit-linked assets Movement in fair value of unit-linked liabilities

Operating expenses Operating expenses

Distributions to members of LLPs

Amortisation of intangible assets – management contracts Impairment of intangible assets – management contracts Unrealised (losses)/gains on forward currency contracts Other exceptional net operating costs

Total operating expenses Operating profit/(loss)

Finance revenue Finance costs

F&C REIT put option fair value gain

TRC acquisition consideration adjustments Gain on debt exchange

Loss on disposal of subsidiaries and associates

Impairment in associates and other financial investments Share of profit of associates

Profit/(loss) before tax Tax – Shareholders

Tax – Policyholders

Tax (expense)/income Profit/(loss) for the year

Attributable to: Equity holders of the parent Non-controlling interests

Profit/(loss) for the year

Underlying earnings per Ordinary Share# Basic earnings/(loss) per Ordinary Share

Diluted earnings/(loss) per Ordinary Share

Dividends Memo Final dividend for 2006, 2007, 2008, 2009 and 2010 Interim dividend for 2007, 2008, 2009, 2010 and 2011

267.2 10.6

277.8 (13.3)

264.5 45.0

(43.9)

(183.8) (42.4)

– –

(10.6)

(236.8) 28.8

23.8 (27.3)

244.2 1.1

245.3 (15.4)

229.9

(208.7) 210.5

(171.0)

237.8 4.1

241.9 (16.8)

225.1 136.0

(134.6)

––– (6.0) (48.9)

(48.3) –– – (12.3) (10.6)

(164.8) (49.8) 1.2

(19.0)

(291.1) (59.4) (29.4)

25.7

(232.4) (5.9)

11.5 (30.3) –– 5.6 (0.1) 8.7

(169.7) (50.7) –

(20.9)

(247.3) (3.1)

11.1

(33.6) 6.4

(4.1) –– – (0.1)

– –

– –

(0.6) (7.2)

18.7

17.1 1.6

18.7

10.43p 3.54p

3.43p

33.8 9.7

Final dividend per Ordinary Share for 2006, 2007, 2008, 2009 and 2010 Interim dividend per Ordinary Share for 2007, 2008, 2009, 2010 and 2011 2.0p

Dividend cover† Dividend cover before exceptional items†# Based on the dividends paid during 2007, 2008, 2009, 2010 and 2011.

43.5 7.0p

0.39 1.16

17.6 (0.9)

16.7 (50.6)

(52.5) 1.9

(50.6) 7.75p

(10.66)p (10.66)p

19.7 9.9

29.6 4.0p

2.0p

(1.78) 1.29

10.4 (0.4)

10.0 18.7

15.9 2.8

18.7

4.57p 3.24p

3.19p

19.8 9.7

29.5 4.0p

2.0p 0.54

0.76

(19.2) 6.2

(0.4) 5.8

(13.4)

(16.6) 3.2

(13.4) 5.74p

(3.31)p (3.31)p

19.4 5.1

24.5 4.0p

1.0p

(0.68) 1.17

* As restated for the amendment to IFRS 2: Share-based Payment. # As restated in 2007, 2008, 2009 and 2010 for the effect of the Deferred Tax – Corporation Tax rate change being excluded from Underlying EPS. †

(1.5) 4.1

–

4.1 2.6

(0.5) 3.1

2.6 5.51p

(0.10)p (0.10)p

10.4 5.2

15.6 2.0p

1.0p

(0.03) 1.82

258.2 1.6

259.8 (16.6)

243.2 74.3

(73.3)

279.0 4.2

283.2 (16.2)

267.0 13.7

(13.4)

(183.8) (18.3) (45.8)

– (19.0)

(266.9) 0.4

17.2

(35.4) 8.7

–––– 7.6 –– 27.9 – –

25.9 (6.6)

0.6 ––– – (67.3)

(as restated* £m

)

2009 £m

2010 £m

2011 £m

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