Notes to the group financial statements for the year ended 31 March 2006             Income from operations Trading results of operations     2006 2005 2006  2005  2. Group segmental income and profit analysis            Africa (Rm)           Risk & Insurance Services 875 842 187  193    Financial Services 1 125 972 219  195    Multi-manager investment (Investment Solutions) 761 617 264  204    Total Africa (Rm) 2 761 2 431 670  592    International (£m)           Risk Services 129,6 131,5 1,6  8,5    Financial Services 95,5 76,8 10.3  7,4    Multi-manager investment (Investment Solutions) 5,6 3,5 (0,7) (0,2)   Total International (£m) 230,7 211,8 11,2  15,7    Total International (Rm) 2 608 2 427 121  180    Total Group (Rm) 5 369 4 858 791  772        Africa International Total     2006  Rm  2005  Rm  2006  Rm  2005  Rm  2006  Rm  2005  Rm                    Trading results of operations 670  592  121  180  791  772    Profit from direct marketing entity in run-off —  —  41  68  41  68    Consolidation of group cell captive insurance arrangement (1) 10  —  13  (1) 23    Exceptional gains and losses (480) —  14  (106) (466) (106)   Operating profit before impairment charges 189  602  176  155  365  757    Net interest and investment income (4) (13) (1) (50) (5) (63)   Net fair value gains 18  9  —  —  18  9    Effects of accounting for policyholder investments as treasury shares under IFRS (81) (30) —  —  (81) (30)   Share of headline profits/(losses) of associates (2) —  5  7  3  7    Headline profit before tax 120  568  180  112  300  680    Taxation on headline profit (225) (176) (13) (23) (238) (199)   Minority interests (11) (17) (34) (28) (45) (45)   Headline earnings attributable to ordinary shareholders (116) 375  133  61  17  436    Adjusted for:               Profit on direct marketing entity in run-off —  —  (41) (68) (41) (68)   Exceptional gains and losses 480  —  (14) 106  466  106    Loss arising from accounting for policyholder investments as treasury shares under IFRS 81  30  —  —  81  30    Reversal of interest effects of exchangeable bonds —  —  —  38  —  38    Tax effects on above items —  —  13  (23) 13  (23)   Core earnings attributable to ordinary shareholders 445  405  91  114  536  519        back | next   |