11 Tax.


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Profit/(loss) before tax
2009

£m

Tax (expense)/ credit
2009

£m

Profit/(loss) before tax
2008
Restated
£m

Tax (expense)/ credit
2008
Restated
£m

From continuing operations

 

 

 

 

Risk

913

(254)

439

(125)

Savings

82

(24)

50

(11)

Investment management

139

(37)

130

(40)

International

170

(57)

100

(35)

Group capital and financing

47

(8)

156

(24)

Investment projects

(32)

9

Operating profit

1,319

(371)

875

(235)

Variation from longer term investment return

(413)

158

(1,584)

386

Effect of economic assumption changes

(335)

99

(609)

176

Property losses attributable to minority interests

(19)

(63)

Profit/(loss) from continuing operations before tax/Tax

552

(114)

(1,381)

327

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