Aviva 2009 Annual Report Download - page 186

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184
Aviva plc Notes to the consolidated financial statements continued
Annual Report and Accounts 2009
19 – Interests in, and loans to, associates
This note analyses our interests in entities which we do not control but where we have significant influence.
(a) Carrying amount
Goodwill
and
intangibles
£m
Equity
interests
£m
Loans
£m
Total
£m
At 1 January 2008 442 762 2 1,206
Share of results before tax
Share of tax
—
—
(54)
(9)
—
—
(54)
(9)
Share of results after tax — (63) — (63)
Impairment of goodwill and intangibles1 (16) — — (16)
Amortisation of acquired value of in-force business (11) — — (11)
Share of profit after tax (27) (63) — (90)
Additions 26 44 — 70
Disposals — (12) — (12)
Fair value losses taken to other comprehensive income — (81) — (81)
Dividends received — (87) — (87)
Reclassification from investment in subsidiaries — 55 — 55
Reclassification from financial investments — 62 — 62
Foreign exchange rate movements 13 109 1 123
Movements in carrying amount 12 27 1 40
At 31 December 2008 454 789 3 1,246
Share of results before tax — (53) — (53)
Share of tax — (1) — (1)
Share of results after tax — (54) — (54)
Impairment of goodwill and intangibles1 (32) — — (32)
Amortisation of acquired value of in-force business (9) — — (9)
Share of loss after tax (41) (54) — (95)
Acquisitions and additions — 175 — 175
Disposals (26) (7) — (33)
Fair value gains taken to other comprehensive income — 114 — 114
Dividends received — (22) — (22)
Reclassification from investment in subsidiaries — (68) — (68)
Foreign exchange rate movements (2) (34) — (36)
Movements in carrying amount (69) 104 — 35
At 31 December 2009 385 893 3 1,281
1. Includes impairment of £1 million in other intangibles (2008: £4 million).
The loans are interest-bearing but are not secured, and no guarantees were received in respect thereof.
(b) Principal associates
The principal associates included above are:
Country of
incorporation and
Company Type of business Class of share Proportion held operation
Aviva Life Insurance Company India Limited Insurance Ordinary shares of RS1 each 26.0% India
Banca Network Investimenti SpA Product distribution Ordinary shares of €1 each 49.92% Italy
Cyrte Fund I CV Investment fund Partnership share 22.31% Netherlands
Cyrte Fund II BV Investment fund Ordinary shares of €1 each 10.48% Netherlands
Cyrte Fund III CV Investment fund Partnership share 13.93% Netherlands
RBSG Collective Investments Limited Investment Ordinary shares of £1 each 49.99% Great Britain
RBS Life Investments Limited Insurance Ordinary shares of £1 each 49.99% Great Britain
All investments in principal associates are unlisted and are held by subsidiaries.