12 Tax


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Analysis of tax

 

Profit/(loss) before tax
2008

£m

Tax (expense)/ credit
2008

£m

Profit/(loss) before tax
2007
Restated
£m

Tax (expense)/ credit
2007
Restated
£m

From continuing operations

 

 

 

 

Risk

439

(125)

219

(61)

Savings

50

(11)

146

(46)

Investment management

130

(40)

120

(38)

International

100

(35)

136

(40)

Group capital and financing

151

(23)

227

(79)

Operating profit

870

(234)

848

(264)

Variation from longer term investment return

(1,579)

385

116

12

Effect of economic assumption changes

(609)

176

52

(13)

Property losses attributable to minority interests

(63)

(6)

Corporate restructure

161

(45)

(Loss)/profit from continuing operations before tax/Tax

(1,381)

327

1,171

(310)

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