5 Reconciliation of shareholder net worth

 

UK covered business
2014
£m

Total
2014
£m

UK covered business
2013
£m

Total
2013
£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 between the EEV and IFRS basis.

SNW of long term operations (IFRS basis)

4,693

5,889

4,291

5,443

Other assets (IFRS basis)

139

199

Shareholders’ equity on the IFRS basis

4,693

6,028

4,291

5,642

Purchased interest in long term business

(46)

(49)

(52)

(59)

Deferred acquisition costs/deferred income liabilities

(201)

(1,255)

(223)

(1,129)

Deferred tax1

(16)

444

(162)

232

Other2

(911)

(976)

(605)

(689)

Shareholder net worth on the EEV basis

3,519

4,192

3,249

3,997