Aviva 2002 Annual Report Download - page 66

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Consolidated Group balance sheet
At 31 December 2002
Restated
2002 2002 2001
1mAssets £m £m
Goodwill (J & 18)
1,660 Positive goodwill 1,079 1,178
(60) Negative goodwill (39) (37)
1,600 1,040 1,141
Investments (K)
14,486 Land and buildings (19) 9,416 9,041
Investments in joint ventures (N & 20)
1,911 Share of gross assets 1,242 –
(1,732) Share of gross liabilities, including loans from Group undertakings (1,126) –
179 116 –
1,023 Loans to joint ventures 665 –
1,202 781 –
1,615 Investments in associated undertakings and participating interests (N & 21a) 1,050 1,077
178,701 Other financial investments (22a) 116,156 120,974
(3,229) Less: Non-recourse funding (22a) (2,099) (1,149)
175,472 114,057 119,825
6,803 Additional value of in-force long-term business (O & 24a) 4,422 5,948
125 Deposits with ceding undertakings 81 208
199,703 129,807 136,099
45,443 Assets held to cover linked liabilities (25) 29,538 28,704
Reinsurers’ share of technical provisions
795 Provision for unearned premiums (B) 517 397
4,471 Long-term business provision (P) 2,906 1,319
3,684 Claims outstanding (C) 2,394 3,167
518 Technical provision for linked liabilities (P & 25) 337 537
9,468 6,154 5,420
Debtors
4,922 Debtors arising out of direct insurance operations (26) 3,199 3,473
1,252 Debtors arising out of reinsurance operations 814 629
38 Loan to associated undertaking 25 32
9,122 Other debtors (27) 5,929 5,636
15,334 9,967 9,770
Other assets
454 Tangible assets (Q & 28) 295 307
4,907 Cash at bank and in hand 3,190 2,125
2Own shares (29) 110
5,363 3,486 2,442
Prepayments and accrued income
2,254 Accrued interest and rent 1,465 1,432
4,129 Deferred acquisition costs (D & 30) 2,684 2,603
1,203 Other prepayments and accrued income 782 713
7,586 4,931 4,748
284,497 Total assets 184,923 188,324
The accounting policies (identified alphabetically) on pages 44 to 46 and notes (identified numerically) on pages 56 to 90 are an integral part of these accounts.
The auditor’s report is on page 43.
52 Aviva plc
Annual report + accounts 2002