Page 61 - Suncorp_Review

Suncorp Group Limited Annual Report 2010/11 59

5.5.1 Summary of revenue and expenses by business area

BUSINESS AREAS

General Insurance Banking Life Corporate 2011 2011 2011 2011 Note $m $m $m $m

Revenue

Insurance premium income 7,083 – 791 – Reinsurance and other recoveries income 4,581 – 205 – Banking interest income – 4,404 – – Investment revenue 740 10 636 19 Other income 225 196 221 1 Total revenue 5.1, 5.2 12,629 4,610 1,853 20

Expenses

General Insurance claims expense (9,331) – – – Life insurance claims and policyowner

liabilities expense – – (862) – Outwards reinsurance premium expense (806) – (195) – Interest expense (89) (3,494) (3) – Fees and commissions expense (290) (78) (148) – Operating expenses (1,550) (568) (391) (150) Impairment expense – (325) – – Loss on sale of subsidiaries – – – (109) Outside benefcial interests in managed funds – – (31) – Total expenses (12,066) (4,465) (1,630) (259) Proft (loss) before income tax 5.1, 5.2 563 145 223 (239) Income tax expense 5.1 (171) (61) (74) 60 Proft (loss) for the fnancial year 5.1 392 84 149 (179)

2010 2010 2010 2010 Note $m $m $m $m

Revenue

Insurance premium income 6,889 – 756 – Reinsurance and other recoveries income 1,329 – 177 – Banking interest income – 4,023 – – Investment revenue 826 20 775 – Other income 256 234 249 232 Total revenue 5.1, 5.2 9,300 4,277 1,957 232

Expenses

General Insurance claims expense (5,966) – – – Life insurance claims and policyowner

liabilities expense – – (848) – Outwards reinsurance premium expense (579) – (187) – Interest expense (86) (3,095) (6) – Fees and commissions expense (356) (79) (140) – Operating expenses (1,540) (546) (422) (273) Impairment expense – (479) – – Outside benefcial interests in managed funds 1 – (44) – Total expenses (8,526) (4,199) (1,647) (273) Proft (loss) before income tax 5.1, 5.2 774 78 310 (41) Income tax expense 5.1 (217) (34) (88) 18 Proft (loss) for the fnancial year 5.1 557 44 222 (23)