|
Half year
ended 30 June |
Full year |
| Results Summary |
1998 £m |
1997 £m |
1997 £m |
|
| General business technical result |
22 |
48 |
68 |
| Long-term business technical result |
421 |
345 |
791 |
| Banking |
(9) |
(10) |
(22) |
| Other non-technical result |
65 |
58 |
110 |
| Reclassification of shareholder reserves of Australian operation |
- |
204 |
204 |
| Profit on business disposals |
- |
- |
18 |
|
| Profit on ordinary activities before tax (including actual investment gains) |
499 |
645 |
1,169 |
| Tax |
(127) |
(180) |
(332) |
|
| Profit for the period |
372 |
465 |
837 |
| Dividends |
(136) |
(124) |
(370) |
|
| Retained profit for the period |
236 |
341 |
467 |
|
 |
| Reconciliation of operating profit to profit on ordinary activities |
|
|
| Operating profit before tax (including averaged investment gains) |
474 |
442 |
895 |
| Adjustment from averaged investment gains to actual investment gains |
25 |
(1) |
52 |
| Reclassification of shareholder reserves of Australian operation |
- |
204 |
204 |
| Profit on business disposals |
- |
- |
18 |
|
| Profit on ordinary activities before tax |
499 |
645 |
1,169 |
|
|
| Earnings per share |
|
| Operating profit after tax |
£350m |
£307m |
£644m |
| Operating earnings per share |
18.0p |
15.9p |
33.3p |
| Total profit after tax |
£372m |
£465m |
£837m |
| Total earnings per share 19.2p |
24.1p |
43.3p |
|
| Average number of shares |
1,941m |
1,927m |
1,932m |
|
|
| Dividend per share |
7.0p |
6.4p |
19.1p |
|
