Aviva 2009 Annual Report Download - page 193

191
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
24 – Financial investments
This note analyses our financial investments by type and shows their cost and fair value. These will change from one period to the
next as a result of new business written, claims paid and market movements.
(a) Carrying amount
Financial investments comprise:
Restated Restated
2009 2008 2007
At fair value through At fair value through At fair value through
profit or loss profit or loss profit or loss
Other than Available Other than Available Other than Available
Trading trading for sale Total Trading trading for sale Total Trading trading for sale Total
£m £m £m £m £m £m £m £m £m £m £m £m
Fixed maturity securities
Debt securities
UK government — 21,423 — 21,423 — 18,854 — 18,854 — 18,767 — 18,767
UK local authorities — 16 — 16 — 17 — 17 — 81 — 81
Non-UK government 11 45,655 1,810 47,476 9 40,029 756 40,794 35 28,278 936 29,249
Corporate bonds
Public utilities — 5,997 633 6,630 — 4,308 1,226 5,534 — 3,922 1,003 4,925
Other corporate (28) 54,007 15,364 69,343 16 57,939 13,319 71,274 52 47,506 11,437 58,995
Convertibles and bonds with
warrants attached — 586 — 586 — 855 — 855 — 856 — 856
Other 36 6,870 5,065 11,971 31 6,556 5,049 11,636 92 4,417 839 5,348
19 134,554 22,872 157,445 56 128,558 20,350 148,964 179 103,827 14,215 118,221
Certificates of deposit — 2,802 8 2,810 — 1,301 10 1,311 — 3,341 26 3,367
Redeemable preference
shares — 255 — 255 — 349 110 459 — 3 — 3
19 137,611 22,880 160,510 56 130,208 20,470 150,734 179 107,171 14,241 121,591
Equity securities
Ordinary shares
Public utilities — 3,665 15 3,680 — 3,933 1 3,934 — 6,165 — 6,165
Banks, trusts and insurance
companies — 6,458 831 7,289 — 5,525 2,332 7,857 — 10,195 66 10,261
Industrial miscellaneous and
all other 8 29,584 2,540 32,132 9 28,182 2,989 31,180 46 38,672 3,712 42,430
8 39,707 3,386 43,101 9 37,640 5,322 42,971 46 55,032 3,778 58,856
Non-redeemable preference
shares — 125 117 242 — 345 95 440 — 209 — 209
8 39,832 3,503 43,343 9 37,985 5,417 43,411 46 55,241 3,778 59,065
Other investments
Unit trusts and other investment
vehicles — 29,825 119 29,944 — 28,850 139 28,989 4 31,221 181 31,406
Derivative financial instruments
(note 57d) 2,078 — — 2,078 2,910 — — 2,910 1,609 — — 1,609
Deposits with credit institutions 88 881 — 969 115 831 — 946 114 733 — 847
Minority holdings in property
management undertakings — 667 — 667 — 969 — 969 — 977 — 977
Other investments – long-term — 1,187 4 1,191 — 2,686 4 2,690 — 1,640 17 1,657
Other investments – short-term — — — — — 3 4 7 — 4 — 4
2,166 32,560 123 34,849 3,025 33,339 147 36,511 1,727 34,575 198 36,500
Total financial investments
Less assets classified as held
for sale
Fixed maturity securities — — — — — (336) — (336) — (80) — (80)
Equity securities — — — — — (60) — (60) — (236) — (236)
Other investments (23) — — (23) — — — —
(23) — — (23) — (396) — (396) — (316) — (316)
2,170 210,003 26,506 238,679 3,090 201,136 26,034 230,260 1,952 196,671 18,217 216,840
Of the above total, £174,292 million
(2008: £176,752 million, 2007: £154,732 million) is expected to be recovered more than one
year after the statement of financial position date.
Other debt securities of £11,906 million
(2008: £11,636 million, 2007: £5,348 million) primarily include residential and
commercial mortgage backed securities, as well as other structured credit securities.
Financial statements IFRS