Aviva 2007 Annual Report Download - page 238
Download and view the complete annual report
Please find page 238 of the 2007 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.-
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
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
56 – Derivative financial instruments continued
The notional amounts above reflect the aggregate of individual derivative positions on a gross basis and so give an
indication of the overall scale of the derivative transaction. They do not reflect current market values of the open positions.
Fair value assets are recognised as “Derivative financial instruments” in note 24(a), whilst fair value liabilities are recognised
as “other financial liabilities” in note 48.
The Group’s derivative risk management policies are outlined in note 55(b).
The contractual undiscounted cash flows in relation to non-hedge derivative liabilities have the following maturities:
2007 2006
£m £m
Within one year 151 162
Between one and two years 100 63
Between two and three years 20 7
Between three and four years 20 7
Between four and five years 21 18
After five years 516 214
828 471
(e) Collateral
Certain derivative contracts, primarily interest rate and currency swaps, involve the receipt or pledging of collateral.
The amounts of collateral receivable or repayable are included in notes 25 and 48 respectively.
57 – Assets under management
In addition to the assets included in the consolidated balance sheet, the Group manages many funds for third parties.
This note details the total funds under management.
The total Group assets under management are:
2007 2006
£m £m
Total IFRS assets included in the consolidated balance sheet 319,720 294,851
Additional value of in-force long-term business 7,982 6,794
Total EEV assets included in the balance sheet 327,702 301,645
Third party funds under management
Unit trusts, OEICs, Peps and Isas 25,868 20,574
Segregated funds 54,422 43,672
407,992 365,891
Non-managed assets (44,074) (39,010)
Funds under management 363,918 326,881
Funds not managed by Aviva fund managers (48,017) (39,711)
Funds under management by Aviva fund managers 315,901 287,170
Aviva plc
Annual Report and
Accounts 2007
234
Financial
statements
Notes to the consolidated financial statements continued