Aviva 2006 Annual Report Download - page 134

Aviva plc
Annual Report and Accounts 2006 130
Notes to the consolidated financial statements continued
4 – Segmental information continued
General
Long-term Fund insurance
business management and health Other Total
As at 31 December 2005 £m £m £m £m £m
Goodwill 631 – 398 1,245 2,274
Acquired value of in-force business and intangible assets 424 – 265 114 803
Investments in joint ventures and associates 2,815 46 39 114 3,014
Property and equipment 367 4 126 388 885
Investment property 12,895 – 338 42 13,275
Loans 18,240 – 3,661 2,643 24,544
Financial investments 166,211 22 12,496 3,659 182,388
Other assets 23,185 490 9,425 2,059 35,159
Segment assets 224,768 562 26,748 10,264 262,342
Unallocated assets – tax assets 1,105
Total assets 263,447
Insurance liabilities 114,176 – 18,426 – 132,602
Liability for investment contracts 77,309 – – – 77,309
Unallocated divisible surplus 8,978 – – – 8,978
Net asset value attributable to unitholders 3,137 – – – 3,137
External borrowings 4,060 – 2,565 578 7,203
Other liabilities, including inter-segment liabilities 6,149 293 (224) 9,607 15,825
Segment liabilities 213,809 293 20,767 10,185 245,054
Unallocated liabilities
Central borrowings (see below) 3,810
Tax liabilities 3,491
Total liabilities 252,355
Total equity 11,092
Total equity and liabilities 263,447
Capital expenditure(excluding business combinations)
Intangible assets 44 – 6 2 52
Property and equipment 26 3 11 166 206
70 317 168 258
Central borrowings are borrowings by holding companies within the Group which are not allocated to operating companies.
(b) Secondary reporting format – geographical segments
(i) Reporting segments
Although the Group’s business segments are managed on a worldwide basis, they operate in six main geographical areas. These are
United Kingdom (UK), France, Netherlands (including Belgium, Germany and Luxembourg), Other Europe, United States and Rest of the
World.
At a country level, certain classifications in 2005 have changed. Germany has been reclassified from Other Europe to the Netherlands,
Lithuania has been reclassified from Other Europe to Poland, and Norwich Union’s Dublin-based offshore life and savings business has
been reclassified from Other Europe to the UK.
Revenue by destination does not differ materially from revenue by geographical origin, as most risks are located in the countries where
the contracts were written.
Financial statements continued