Aviva 2009 Annual Report Download - page 201

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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
27 – Assets held to cover linked liabilities
Certain unit-linked products have been classified as investment contracts, while some are included within the definition of an
insurance contract. The assets backing these unit-linked liabilities are included within the relevant balances in the consolidated
statement of financial position, while the liabilities are included within insurance and investment contract provisions. This note
analyses the carrying values of assets backing these liabilities.
The carrying values of assets backing unit-linked liabilities are as follows:
2009 2008 2007
£m £m £m
Loans 1,468 1,799 347
Debt securities 17,595 19,588 15,065
Equity securities 28,638 23,840 27,743
Other investments 29,756 28,799 33,171
Reinsurance assets 1,014 1,704 1,905
Cash and cash equivalents 4,214 4,125 3,939
82,685 79,855 82,170
28 – Ordinary share capital
This note gives details of Aviva plc’s ordinary share capital and shows the movements during the year.
(a) Details of the Company’s ordinary share capital are as follows:
2009 2008
£m £m
The authorised share capital of the Company at 31 December 2009 was:
5,200,000,000
(2008: 3,000,000,000) ordinary shares of 25 pence each 1,300 750
The allotted, called up and fully paid share capital of the Company at 31 December 2009 was:
2,766,611,374
(2008: 2,657,701,624) ordinary shares of 25 pence each 692 664
(b) During 2009, a total of 108,909,750 ordinary shares of 25 pence each were allotted and issued by the Company as follows:
Share Share
Number Capital Premium
of shares £m £m
At 1 January 2008 2,621,792,828 655 1,223
Shares issued under the Group’s Employee and Executive Share Option Schemes 8,429,587 2 18
Shares issued in lieu of dividends 27,479,209 7 (7)
At 31 December 2008 2,657,701,624 664 1,234
Shares issued under the Group’s Employee and Executive Share Option Schemes 951,455 1 —
Shares issued in lieu of dividends 107,958,295 27 (27)
At 31 December 2009 2,766,611,374 692 1,207
Ordinary shares in issue in the Company rank pari passu. All the ordinary shares in issue carry the same right to receive all dividends
and other distributions declared, made or paid by the Company.
The issue of shares in lieu of cash dividends is considered a bonus issue under the terms of the Companies Act 2006 and the
nominal value of the shares is charged to the share premium account.
Financial statements IFRS