1st Jul 2005 14:34
Aviva PLC01 July 2005 Aviva Plc Aviva announces early release of its full year 2004 results restated for theeffects of International Financial Reporting Standards (IFRS) 1 July 2005 Aviva plc ("Aviva") announces that it will release its full year 2004 resultsrestated for the effect of International Financial Reporting Standards (IFRS) onTuesday 5 July at 7:00 am (BST). Aviva has continued to make good progress in the implementation of IFRS acrossits businesses and, in line with good market practice, is now in a position torelease its full year 2004 IFRS result, in advance of its half year results on11 August. Aviva will also give further details of the discretionary change it has chosen to make to its long term investment return calculation. Next Tuesday's announcement will reconfirm Aviva's belief that: • IFRS is a technical accounting change to the way Aviva reports and presents its consolidated Modified Statutory Solvency Basis ("MSSB") results; there is no underlying change to the economics of Aviva's business. • IFRS will not impact Aviva's dividend policy. • IFRS in itself will have no significant impact on Aviva's solvency calculations, which are the subject of separate regulation. • The directors consider that embedded value continues to be the best measure of added value for long term insurance business. Aviva will hold conference calls on 5 July as follows: • Newswires call will be held at 7:45am (BST); and• Analysts' call at 9:30am (BST). Enquiries:Analysts/Investors: Andrew Moss, group finance director +44 (0)20 7662 2679Nic Nicandrou, group financial control director +44 (0)20 7662 2118 Media: Sue Winston, head of group media relations +44 (0)20 7662 8221Dominick Peasley, Financial Dynamics +44 (0)20 7269 7243 Notes to Editors Aviva is the world's fifth-largest insurance group based on gross worldwidepremiums and one of the leading providers of life and pensions to Europe withsubstantial positions in other markets around the world. Aviva's principalbusiness activities are long-term savings, fund management and generalinsurance, with worldwide premium income and retail investment sales fromcontinuing operations of £33 billion for the year ended 31 December 2004 andassets under management of £273 billion at 31 December 2004. The Aviva media centre at www.aviva.com/media includes images, company andproduct information and a news release archive. Aviva plc is a company registered in England No. 2468686. Registered office StHelen's 1 Undershaft London EC3P 3DQ This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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