Page 124

Summary of statutory and supplementary IFRS and EEV basis results

Year ended 31 December 2007

The following tables and referenced disclosure notes show the results reported in the statutory financial statements on pages 127 to 299 and supplementary EEV basis results on pages 302 to 332. This page does not form part of the statutory financial statements.

International Financial Reporting Standards (IFRS) basis results

Statutory IFRS basis results

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Primary statement or note reference Page 2007   2006
Profit after tax attributable to equity holders of the Company IFRS income statement 127 £1,022m   £874m
Basic earnings per share IFRS income statement 127 41.8p   36.2p
Dividends per share declared and paid in reporting period IFRS note B3 155 17.42p   16.44p
Shareholders’ equity, excluding minority interests IFRS balance sheet 131 £6,201m   £5,488m

Supplementary IFRS basis information

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Primary statement or note reference Page 2007   2006
Operating profit from continuing operations based on
longer-term investment returns 152 £1,213m £1,050m
Short-term fluctuations in investment returns IFRS note B1 152 £(137)m £155m
Shareholders’ share of actuarial gains and losses on
defined benefit pension schemes 152 £90m £167m
Profit from continuing operations before tax attributable IFRS income statement
to shareholders (including actual investment returns) IFRS note B1 127 and 152 £1,166m £1,372m
Operating earnings per share from continuing operations
after related tax and minority interests IFRS note B2 154 33.8p 30.9p
Dividends per share in respect of the reporting period
(including interim dividend of 5.70p (2006: 5.42p)
and final dividend of 12.30p (2006: 11.72p) declared
after the end of the reporting period) IFRS note B3 155 18.00p 17.14p

Supplementary European Embedded Value (EEV) basis results

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Primary statement or note reference Page 2007   2006
Operating profit from continuing operations based
on longer-term investment returns 303 £2,542m £2,133m
Short-term fluctuations in investment returns 303 £174m £738m
Mark to market value movements on core borrowings EEV income 303 £223m £85m
Shareholders’ share of actuarial gains and losses on statement
defined benefit pension schemes 303 £116m £207m
Effect of changes in economic assumptions and
time value of cost of options and guarantees 303 £748m £59m
Profit before tax from continuing operations £3,803m £3,222m
Operating earnings per share from continuing operations
after related tax and minority interests EEV note 14 321 74.9p 62.1p
Basic earnings per share EEV earnings per share 303 125.2p 91.7p
Shareholders’ equity, excluding minority interests EEV balance sheet 304 £14.8bn £11.9bn

Notes

IFRS basis results The preparation of statutory IFRS basis results and supplementary IFRS basis information is consistent with that applied for the 2006 results and financial statements.
EEV basis results The EEV basis results are extracted from supplementary information and are not results that form part of the Group’s financial statements.
Supplementary information The results shown above distinguish ‘operating profits based on longer-term investment returns’ from ‘profits before tax’. The reconciling items are presented in accordance with the Group’s policy as described in the Group’s financial statements and supplementary information. Items excluded from operating profit based on longer-term investment returns represent primarily the effects of altered investment market conditions (short-term fluctuations) and actuarial gains and losses on defined benefit pension schemes. For EEV, the operating profit based on longer-term investment returns figure also excludes the mark to market value movements on core borrowings, the effect of changes in economic assumptions and the time value of the cost of options and guarantees.

Page 125

Financial statements and European Embedded Value (EEV) supplementary information

124 Summary of statutory and supplementary IFRS and EEV basis results

126 Index to Group financial statements

127 Consolidated income statement

128 Consolidated statement of changes in equity

130 Consolidated balance sheet

132 Consolidated cash flow statement

133 Notes on the Group financial statements

290 Balance sheet of the parent company

291 Notes on the parent company financial statements

300 Statement of directors' responsibilities in respect of the Annual Report and the financial statements

301 Independent auditor's report to the members of Prudential plc

302 EEV basis supplementary information

306 Notes on the EEV basis supplementary information

333 Statement of directors' responsibilities in respect of the EEV basis supplementary information

334 Independent auditor's report to Prudential plc on the EEV basis supplementary information

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