Aviva released its full year 2004 results restated in accordance with International Financial Reporting Standards...
Aviva has presented its 2004 results, restated in accordance with International Financial Reporting Standards (IFRS), reducing statutory operating profit before tax by 5% to £1.76bn.
This is in advance of the company's half year results which will be announced on 11 August 2005. The impact of IFRS also increases Aviva's statutory profit before tax by 10% to £1,642m and statutory shareholders' funds reduce by 3% to £8,083m.
The company is also making a discretionary change to the calculation of its longer term investment return for the investments backing its general insurance and health businesses.
