Aviva 2009 Annual Report Download - page 165

163
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
5 – Details of income
This note gives further detail on the items appearing in the first section of the consolidated income statement.
2009 2008
£m £m
Gross written premiums (note 4a & 4b)
Long-term:
Insurance contracts 16,692 19,388
Participating investment contracts 8,030 4,884
General insurance and health 9,968 11,934
34,690 36,206
Less: premiums ceded to reinsurers (note 4a & 4b) (2,576) (1,841)
Gross change in provision for unearned premiums (note 38e) 645 388
Reinsurers’ share of change in provision for unearned premiums (note 41c(iii)) (86) (111)
Net change in provision for unearned premiums 559 277
Net earned premiums 32,673 34,642
Fee and commission income
Fee income from investment contract business 456 487
Fund management fee income 536 556
Other fee income 473 577
Reinsurance commissions receivable 180 176
Other commission income 138 110
Net change in deferred revenue 6 (21)
1,789 1,885
Total revenue 34,462 36,527
Net investment income
Interest and similar income
From financial instruments designated as trading and other than trading 7,258 7,302
From AFS investments and financial instruments at amortised cost 2,150 2,012
9,408 9,314
Dividend income 1,753 2,444
Other income from investments designated as trading
Realised gains on disposals
Unrealised gains and losses (policy J)
Gains/(losses) arising in the year
(Gains)/losses recognised in prior periods and now realised
693 1,039
(1,184)
(693)
1,147
(1,039)
(1,877) 108
(1,184) 1,147
Other income from investments designated as other than trading
Realised losses on disposals
Unrealised gains and losses (see policy J)
Gains/(losses) arising in the year
(Gains)/losses recognised previously and now realised
(2,561) (1,181)
14,481 (26,394)
2,561 1,181
17,042 (25,213)
14,481 (26,394)
Realised gains and losses on AFS investments
Gains recognised previously as unrealised in equity (see policy S and note 34) 310 126
Net income from investment properties
Rent 908 959
Expenses relating to these properties (47) (33)
Realised gains on disposal 339 14
Fair value (losses) on investment properties (note 21) (1,084) (3,137)
116 (2,197)
Realised gains on loans 24 7
Foreign exchange gains and losses on investments other than trading 238 (395)
Other investment expenses (174) (95)
Net investment income 24,972 (16,043)
Share of (loss) after tax of joint ventures (note 18a) (409) (1,038)
Share of loss after tax of associates (note 19a) (95) (90)
Share of (loss) after tax of joint ventures and associates (504) (1,128)
Profit on disposal of subsidiaries and associates (note 3b) 153 7
Total income 59,083 19,363
Financial statements IFRS