Aviva 2002 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2002 Aviva annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Restated
2002 2002 2001
1mLiabilities £m £m
Capital and reserves
867 Ordinary share capital (32c) 564 564
308 Preference share capital (33a) 200 200
1,175 Called up share capital 764 764
1,683 Share premium account (32c) 1,094 1,083
5,896 Revaluation reserve (A & 34) 3,832 5,268
4,389 Merger reserve (34) 2,853 2,975
1,732 Profit and loss account (A & 34) 1,126 1,662
Shareholders’ funds:
14,567 Equity 9,469 11,552
308 Non-equity 200 200
14,875 9,669 11,752
746 Minority interests – equity 485 393
397 – non-equity (42j) 258 258
1,143 743 651
16,018 Total capital and reserves 10,412 12,403
1,831 Subordinated debt (R & 36) 1,190 1,157
17,849 Total capital, reserves and subordinated debt 11,602 13,560
Other liabilities
5,763 Fund for future appropriations (S) 3,745 6,507
Technical provisions
6,830 Provision for unearned premiums (B) 4,440 4,679
167,132 Long-term business provision (P & 38) 108,636 102,955
18,248 Claims outstanding (C) 11,861 13,669
483 Equalisation provision (T & 40) 314 272
82 Other technical provisions 53 54
192,775 125,304 121,629
45,961 Technical provision for linked liabilities (P & 25) 29,875 29,241
1,271 Provisions for other risks and charges (41) 826 1,562
1,380 Deposits received from reinsurers 897 912
Creditors
2,246 Creditors arising out of direct insurance operations 1,460 1,119
1,543 Creditors arising out of reinsurance operations 1,003 1,494
–Long-term business borrowings
–Debenture loans (R & 42b) –51
131 Amount due to credit institutions (42c) 85 –
–General business and other borrowings
663 Debenture loans (R & 42b) 431 785
277 Amounts due to credit institutions (42c) 180 191
2,235 Commercial paper (42d) 1,453 1,686
10,735 Other creditors including tax and social security (43) 6,978 8,567
42 Loans from associated undertakings 27 17
17,872 11,617 13,910
1,626 Accruals and deferred income (44) 1,057 1,003
266,648 Total other liabilities 173,321 174,764
284,497 Total liabilities 184,923 188,324
Approved by the Board on 25 February 2003
Mike Biggs
Director
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.
53 Aviva plc
Annual report + accounts 2002