Aviva 2005 Annual Report Download - page 92

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Financial statements continued
Consolidated balance sheet
As at 31 December 2005
2005 2005 2004
1mNote £m £m
Assets
3,296 Goodwill M & 15 2,274 1,184
1,164 Acquired value of in-force business and intangible assets M & 16 803 516
3,086 Investments in joint ventures C&17 2,129 1,255
1,283 Investments in associates C&18 885 873
1,283 Property and equipment N&19 885 812
19,239 Investment property O&20 13,275 11,057
35,571 Loans T&21 24,544 22,055
Financial investments Q,R&23
150,604 Debt securities 103,917 98,719
75,426 Equity securities 52,044 47,291
38,300 Other investments 26,427 20,346
264,330 182,388 166,356
10,333 Reinsurance assets L&36 7,130 8,503
1,475 Deferred tax assets Z&40 1,018 908
126 Current tax assets 40a 87 –
11,168 Receivables and other financial assets 24 7,706 7,509
5,458 Deferred acquisition costs and other assets U&25 3,766 3,189
3,425 Prepayments and accrued income 25d 2,363 2,307
19,900 Cash and cash equivalents V 13,732 12,779
670 Assets of operations classified as held for sale AE&3c 462 –
381,807 Total assets 263,447 239,303
Equity
Capital AB
868 Ordinary share capital 27 599 570
290 Preference share capital 30 200 200
1,158 799 770
Capital reserves
1,691 Share premium 27 1,167 1,115
4,741 Merger reserve C&3a 3,271 2,763
6,432 4,438 3,878
–Shares held by employee trusts 29 ––
1,652 Other reserves 32 1,140 736
3,764 Retained earnings 33 2,597 1,709
13,006 Equity attributable to shareholders of Aviva plc 8,974 7,093
1,435 Direct capital instrument 31 990 990
1,634 Minority interests 34 1,128 910
16,075 Total equity 11,092 8,993
Liabilities
192,177 Gross insurance liabilities J&35 132,602 124,122
112,042 Gross liability for investment contracts K&37 77,309 69,555
13,012 Unallocated divisible surplus J 8,978 7,549
4,546 Net asset value attributable to unitholders C 3,137 2,247
4,167 Provisions X,Y&41 2,875 2,125
3,562 Deferred tax liabilities Z&40 2,458 1,543
1,497 Current tax liabilities 40a 1,033 922
15,961 Borrowings AA&43 11,013 10,090
13,746 Payables and other financial liabilities Q&44 9,485 7,240
4,812 Other liabilities 45 3,320 4,917
210 Liabilities of operations classified as held for sale 3c 145 –
365,732 Total liabilities 252,355 230,310
381,807 Total equity and liabilities 263,447 239,303
Approved by the Board on 1 March 2006.
Andrew Moss, Director
The accounting policies (identified alphabetically) on page 78 to 86 and notes (identified numerically) on pages 93 to 189 are an integral part of these financial statements.
90
Financial statementsAviva plc 2005