E. CORPORATE AND OTHER
This segment comprises other activities, including corporate services, capital management activity, placement of the Group's
reinsurance program, inward reinsurance from associates and investment of the shareholders’ funds.
Further details of the reporting segments' principal activities are disclosed in the Directors' Report. There are no differences
between the recognition and measurement criteria used in the segment disclosures and those used in the financial statements.
CONSOLIDATED
AUSTRALIA
PERSONAL
INSURANCE
AUSTRALIA
COMMERCIAL
INSURANCE
NEW
ZEALAND
ASIA
CORPORATE
AND OTHER TOTAL
$m
$m
$m
$m
$m $m
2015
External revenue
6,904
4,023
3,349
483
249 15,008
Total revenue
6,904
4,023
3,349
483
249 15,008
Underwriting profit/(loss)
505
(110)
154
(8)
-
541
Investment income net of investment fees -
technical reserves
283
203
62
13
1
562
Insurance profit/(loss)
788
93
216
5
1 1,103
Investment income net of investment fees -
shareholders' funds
-
-
-
-
223
223
Share of net profit/(loss) of associates
-
-
-
16
(10)
6
Finance costs
-
-
-
-
(107)
(107)
Other net operating result
-
16
4
-
(296)
(276)
Profit/(loss) before income tax
788
109
220
21
(189)
949
Income tax expense
(119)
Profit/(loss) for the year
830
Acquisitions of property and equipment,
intangibles and other non-current segment
assets
-
-
-
-
315
315
Depreciation expense
38
13
14
2
-
67
Amortisation and impairment charges on
acquired intangibles and goodwill
15
77
38
9
-
139
Total depreciation and amortisation
expense
53
90
52
11
-
206
2014
External revenue
6,638
2,520
2,809
301
411 12,679
Total revenue
6,638
2,520
2,809
301
411 12,679
Underwriting profit/(loss)
713
211
206
9
1 1,140
Investment income net of investment fees -
technical reserves
303
160
(26)
3
(1)
439
Insurance profit/(loss)
1,016
371
180
12
-
1,579
Investment income net of investment fees -
shareholders' funds
-
-
-
-
396
396
Share of net profit/(loss) of associates
-
-
-
2
(10)
(8)
Finance costs
-
-
-
-
(98)
(98)
Other net operating result
-
9
3
-
(79)
(67)
Profit before income tax
1,016
380
183
14
209 1,802
Income tax expense
(472)
Profit/(loss) for the year
1,330
Acquisitions of property and equipment,
intangibles and other non-current segment
assets
-
-
-
-
1,759 1,759
Depreciation expense
39
10
11
2
-
62
Amortisation and impairment charges on
acquired intangibles and goodwill
12
19
14
4
-
49
Total depreciation and amortisation
expense
51
29
25
6
-
111
66 IAG ANNUAL REPORT 2015
