Aviva 2009 Annual Report Download - page 183

181
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
18 – Interests in, and loans to, joint ventures
In several business units, Group companies and other parties jointly control certain entities. This note analyses these interests and
describes the principal joint ventures in which we are involved.
(a) Carrying amount
(i) The movements in the carrying amount comprised:
Goodwill
and Equity
intangibles interests Loans Total
£m £m £m £m
At 1 January 2008 197 2,212 167 2,576
Share of results before tax — (1,029) — (1,029)
Share of tax — (3) — (3)
Share of results after tax — (1,032) — (1,032)
Amortisation and impairment of goodwill and intangibles1 (6) — — (6)
Share of loss after tax (6) (1,032) — (1,038)
Acquisitions and additions 25 150 182 357
Disposals and reduction in Group interests — (131) — (131)
Fair value losses taken to other comprehensive income — (12) — (12)
Loans repaid — — (52) (52)
Foreign exchange rate movements 7 30 — 37
At 31 December 2008 223 1,217 297 1,737
Share of results before tax — (398) — (398)
Share of tax — (4) — (4)
Share of results after tax — (402) — (402)
Amortisation of intangibles1 (7) — — (7)
Share of loss after tax (7) (402) — (409)
Acquisitions and additions — 415 145 560
Disposals and reduction in Group interests — (59) — (59)
Fair value gains taken to other comprehensive income — 8 — 8
Loans repaid — — (99) (99)
Foreign exchange rate movements (14) (7) (16)
(37)
At 31 December 2009 202 1,172 327 1,701
1. Comprises of amortisation of AVIF on insurance contract of £3 million (2008: £6 million) and other intangibles of £4 million (2008: £nil).
(ii) The balances at 31 December comprised:
Goodwill
and Equity
intangibles interests Loans Total
2009 £m £m £m £m
Property management undertakings — 1,021 327 1,348
Long-term business undertakings 202 146 — 348
General insurance undertakings — 5 — 5
Total 202 1,172 327 1,701
Goodwill
and Equity
intangibles interests Loans Total
2008 £m £m £m £m
Property management undertakings — 1,080 297 1,377
Long-term business undertakings 198 158 — 356
General insurance undertakings — 4 — 4
Total 198 1,242 297 1,737
Goodwill
and Equity
intangibles interests Loans Total
2007 £m £m £m £m
Property management undertakings — 2,124 167 2,291
Long-term business undertakings 197 88 — 285
Total 197 2,212 167 2,576
Financial statements IFRS
The loans are not secured and no guarantees were received in respect thereof. They are interest-bearing and are repayable
on termination of the relevant partnership.