Aviva 2009 Annual Report Download - page 197

195
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 continued
(c) Cost, unrealised gains and fair value continued
Restated
2008
Cost/
amortised Unrealised Unrealised Impairment
cost gains losses losses
Fair value
£m £m £m £m £m
Fixed maturity securities 156,240 7,634 (12,857) (283)150,734
Equity securities 54,518 2,685 (12,636) (1,156) 43,411
Other investments
Unit trusts and specialised investment vehicles 28,700 1,994 (1,704) (1) 28,989
Derivative financial instruments 1,792 1,761 (643) — 2,910
Deposits with credit institutions 946 — — — 946
Minority holdings in property management undertakings 758 279 (56) (12) 969
Other long-term investments 2,883 209 (402) — 2,690
Other short-term investments 8 — (1) — 7
245,845 14,562 (28,299) (1,452)230,656
These are further analysed as follows:
At fair value through profit or loss 216,551 13,658 (25,396) (191)204,622
Available for sale 29,294 904 (2,903) (1,261) 26,034
245,845 14,562 (28,299) (1,452)230,656
Restated
2007
Cost/
amortised Unrealised Unrealised Impairment
cost gains losses losses
Fair value
£m £m £m £m £m
Fixed maturity securities 122,172 1,970 (2,542) (9)121,591
Equity securities 50,635 9,052 (367) (255) 59,065
Other investments
Unit trusts and specialised investment vehicles 28,684 3,106 (382) (2) 31,406
Derivative financial instruments — 1,609 — — 1,609
Deposits with credit institutions 847 — — — 847
Minority holdings in property management undertakings 977 — — — 977
Other long-term investments 1,465 249 (57) — 1,657
Other short-term investments 4 — — — 4
204,784 15,986 (3,348) (266)217,156
These are further analysed as follows:
At fair value through profit or loss 187,179 14,720 (2,929) (31)198,939
Available for sale 17,605 1,266 (419) (235) 18,217
204,784 15,986 (3,348) (266)217,156
All unrealised gains and losses and impairments on financial investments classified as fair value through profit or loss have been
recognised in the income statement.
Unrealised gains and losses on financial investments classified as at fair value through profit or loss recognised in the income
statement in the year were a net loss of £18,919 million (
2008: £25,105 million net loss) . Of this, £1,877 million net loss (2008:
£108 million net gain)
related to financial investments designated as trading and £17,042 million net loss (2008: £25,213 million
net loss)
related to investments designated as other than trading.
The movement in the unrealised gain/loss position reported in the statement of financial position during the year, shown in the
table above, includes foreign exchange movements on the translation of unrealised gains and losses on financial investments held
by foreign subsidiaries, which are recognised in other comprehensive income, as well as transfers due to the realisation of gains
and losses on disposal and the recognition of impairment losses.
Total impairments of financial investments recognised in the income statement in the year, disclosed in note 6, were £538
million
(2008: £973 million) . This comprised impairments of financial investments classified as available-for-sale of £482 million
(2008: £830 million) disclosed in the table below, and impairments of financial investments classified as fair value through profit
or loss of £56 million
(2008: £143 million) .
Financial statements IFRS