5 Reconciliation of shareholder net worth.

5 Reconciliation of shareholder net worth.
(XLS:) European Embedded Value basis – Reconciliation of shareholder net worth

 

UK covered business
2013
£m

Total
2013
£m

UK covered business
2012
£m

Total
2012
£m

1.

Deferred tax represents all tax which is expected to be paid under current legislation.

2.

Other primarily relates to the different treatment of annuities and LGA Triple X securitisation on an EEV and IFRS basis.

SNW of long term operations (IFRS basis)

4,291

5,443

4,294

5,537

Other assets/(liabilities) (IFRS basis)

199

(96)

Shareholders’ equity on the IFRS basis

4,291

5,642

4,294

5,441

Purchased interest in long term business

(52)

(59)

(63)

(64)

Deferred acquisition costs/deferred income liabilities

(223)

(1,129)

(235)

(1,093)

Deferred tax1

(162)

232

(253)

74

Other2

(605)

(689)

(565)

(741)

Shareholder net worth on the EEV basis

3,249

3,997

3,178

3,617

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