Aviva 2005 Annual Report Download - page 205
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Segmentation of summarised consolidated balance sheet – EEV basis
As at 31 December 2005
Life and General Life and General
related business related business
businesses and other Group businesses and other Group
2005 2005 2005 2004 2004 2004
£m £m £m £m £m £m
Total assets before acquired additional value of
in-force long-term business 224,453 38,679 263,132 205,498 33,441 238,939
Acquired additional value of in-force long-term business 315 – 315 364 – 364
Total assets included in the statutory IFRS balance sheet 224,768 38,679 263,447 205,862 33,441 239,303
Liabilities of the long-term business (215,624) – (215,624) (197,054) – (197,054)
Liabilities of the general insurance and other businesses – (36,731) (36,731) – (33,256) (33,256)
Net assets on a statutory IFRS basis 9,144 1,948 11,092 8,808 185 8,993
Additional value of in-force long-term business16,454 – 6,454 5,018 – 5,018
Net assets on an EEV basis215,598 1,948 17,546 13,826 185 14,011
Equity capital, capital reserves, shares held by
employee trusts and other reserves 5,871 5,184
IFRS basis retained earnings 2,597 1,709
Additional EEV basis retained profit 6,431 4,768
Equity attributable to ordinary shareholders of Aviva plc
on an EEV basis 14,899 11,661
Preference share capital and direct capital instrument 1,190 1,190
Minority interests 1,457 1,160
EEV basis total equity 17,546 14,011
1. The analysis between the Group’s and the minority interest’s share of the additional value of in-force long-term business is as follows:
Movement in
2005 2004 the year
£m £m £m
Group’s share included in shareholders’ funds 6,431 4,768 1,663
Minority interest share 329 250 79
Movement in available for sale securities (306) – (306)
Balance at 31 December 6,454 5,018 1,436
2. Analysis of net assets on an EEV basis is made up as follows:
2005 2004
£m £m
Long-term business net assets on an EEV basis 15,598 13,826
Comprises:
Embedded value 15,113 13,014
RBSG goodwill 217 217
Goodwill allocated to long-term business 631 595
Notional allocation of IAS 19 pension fund deficit to long-term business3(363) –
Long-term business net assets on an EEV basis 15,598 13,826
3. The value of the Aviva Pension Scheme deficit has been notionally allocated between segments, based on current funding and the UK Life proportion has been included
within the long-term business net assets on an EEV basis.
Financial statements
Aviva plc 2005
203