Aviva 2009 Annual Report Download - page 161

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Performance review
Aviva plc Notes to the consolidated financial statements continued
Corporate responsibility
Annual Report and Accounts 2009
Governance
Shareholder information
Financial statements IFRS
Financial statements MCEV
Other information
4 – Segmental information continued
(v) Segmental statement of financial position as at 31 December 2007
United Kingdom Europe
Other
Aviva Delta North Aviva Group Restated
Life GI Europe Lloyd America Asia Pacific Investors activities Total
£m £m £m £m £m £m £m £m £m
Goodwill 71 1,276 841 212 642 40 — — 3,082
Acquired value of in-force business and intangible assets 65 349 1,073 91 1,579 28 12 — 3,197
Interests in, and loans to, joint ventures and associates 2,972 — 342 252 1 215 — — 3,782
Property and equipment 177 317 110 264 28 37 7 2 942
Investment property 10,415 252 1,469 1,592 — 25 966 672 15,391
Loans 20,153 900 807 13,088 1,206 39 — — 36,193
Financial investments 83,504 3,714 77,984 25,677 17,227 3,934 1,993 2,807 216,840
Deferred acquisition costs 1,477 1,188 658 124 828 42 4 — 4,321
Other assets 10,520 5,146 12,645 3,342 2,806 503 667 1,949 37,578
Total assets 129,354 13,142 95,929 44,642 24,317 4,863 3,649 5,430 321,326
Insurance liabilities
Long-term business and outstanding claims provisions 65,017 6,429 33,394 23,111 17,335 1,820 — — 147,106
Unearned premiums 179 3,468 700 273 815 15 — — 5,450
Other insurance liabilities — 92 22 91 78 — — — 283
Liability for investment contracts 41,845 — 47,517 2,034 1,756 1,952 3,140 — 98,244
Unallocated divisible surplus 4,944 — 1,702 136 — 3 — — 6,785
Net asset value attributable to unitholders 758 — 1,567 1,113 — 189 — 2,782 6,409
External borrowings 2,184 12 132 6,021 133 — 6 4,169 12,657
Other liabilities, including inter-segment liabilities 10,474 (320) 4,060 8,973 1,615 160 294 3,109 28,365
Total liabilities 125,401 9,681 89,094 41,752 21,732 4,139 3,440 10,060 305,299
Total equity 16,027
Total equity and liabilities 321,326
Capital expenditure (excluding business combinations) 30 140 56 50 10 5 6 2 299
(b) Further analysis by products and services
The Group’s results can be further analysed by products and services which comprise long-term business, general insurance and
health, fund management and other activities.
Long-term business
Our long-term business comprises life insurance, long-term health and accident insurance, savings, pensions and annuity business
written by our life insurance subsidiaries, including managed pension fund business and our share of the other life and related
business written in our associates and joint ventures, as well as lifetime mortgage business written in the UK.
General insurance and health
Our general insurance and health business provides insurance cover to individuals and to small and medium sized businesses, for
risks associated mainly with motor vehicles, property and liability, such as employers’ liability and professional indemnity liability,
and medical expenses.
Fund management
Our fund management business invests policyholders’ and shareholders’ funds, provides investment management services for
institutional pension fund mandates and manages a range of retail investment products, including investment funds, unit trusts,
OEICs and ISAs. Clients include Aviva Group businesses and third-party financial institutions, pension funds, public sector
organisations, investment professionals and private investors.
Other
Other includes the RAC non-insurance operations, our banking businesses, service companies, head office expenses, such as Group
treasury and finance functions, and certain financing costs and taxes not allocated to business segments.
Financial statements IFRS