Aviva 2009 Annual Report Download - page 207

205
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
34 – Other reserves
This note gives details of the various reserves forming part of the Group’s consolidated equity, and shows the movements during
the year.
Movements in the year comprised:
Owner Equity
Currency occupied Investment Hedging
compensa-
translation properties valuation instruments tion reserve
reserve (see
accounting
reserve (see
accounting
reserve (see
accounting
reserve (see
accounting
(see
accounting Restated
policy E) policy O) policy S) policy T) policy AA) Total
£m £m £m £m £m £m
Balance at 1 January 2008 432 192 819 (63) 89 1,469
Arising in the year:
Fair value losses — (37) (2,344) — — (2,381)
Fair value gains transferred to profit on disposals
Fair value gains transferred to retained earnings on disposals (note 35)
—
—
—
1
(126)
—
—
—
—
—
(126)
1
Share of fair value changes in joint ventures and associates taken to other comprehensive
income (notes 18a & 19a)
Impairment losses on assets previously revalued directly through equity now taken to
income statement*
—
—
—
—
(93)
830
—
—
—
—
(93)
830
Reserves credit for equity compensation plans (note 29d)
Shares issued under equity compensation plans (note 35)
—
—
—
—
—
—
—
—
39
(15)
39
(15)
Foreign exchange rate movements
Aggregate tax effect – shareholders’ tax
3,253
—
—
1
—
203
(1,040)
—
—
—
2,213
204
Balance at 31 December 2008 3,685 157 (711) (1,103) 113 2,141
Arising in the year:
Fair value losses — (26) 977 — — 951
Fair value gains transferred to profit on disposals — — (310) — — (310)
Transfer to profit on disposal of subsidiary (note 3b) (96) — — — — (96)
Fair value losses transferred to retained earnings on disposals (note 35) — (1) — — — (1)
Share of fair value changes in joint ventures and associates taken to other comprehensive
income (notes 18a & 19a) — — 122 — — 122
Impairment losses on assets previously revalued directly through equity now taken to
income statement* — — 482 — —
482
Reserves credit for equity compensation plans (note 29d) — — — — 56 56
Shares issued under equity compensation plans (note 35) — — — — (60) (60)
Transfer to minority interests following Delta Lloyd IPO (note 3c) (351) (26) (156) — — (533)
Foreign exchange rate movements (1,014) — — 332 — (682)
Aggregate tax effect – shareholders’ tax — — (241) — — (241)
Balance at 31 December 2009 2,224 104 162 (771) 109 1,829
* In accordance with accounting policy S, all fair value gains and losses on available-for-sale investments are recorded in the investment valuation reserve. Where these investments are considered
to be impaired, the relevant losses are then transferred from this reserve to the income statement.
The above reserves are shown net of minority interests.
Financial statements IFRS