Aviva 2009 Annual Report Download - page 237

235
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
47 – Pension obligations continued
(vii) Recognition in the statement of financial position
The assets and liabilities of the schemes, attributable to defined benefit members, including investments in Group insurance
policies (see footnote below), at 31 December 2009 were:
UK Netherlands Canada Ireland Total
£m £m £m £m
2009
£m
Equities
Bonds
Property
Other
2,285
4,619
403
835
258
992
92
16
78
110
—
10
28
231
18
130
2,649
5,952
513
991
Total fair value of assets
Present value of scheme liabilities
8,142
(9,554)
1,358
(1,372)
198
(308)
407 10,105
(578) (11,812)
Deficits in the schemes included in provisions (note 46) (1,412) (14) (110) (171) (1,707)
UK Netherlands Canada Ireland Total
£m £m £m £m
2008
£m
Equities
Bonds
Property
Other
3,002
3,395
405
485
292
857
76
184
93
86
—
3
182
172
26
80
3,569
4,510
507
752
Total fair value of assets
Present value of scheme liabilities
7,287
(7,732)
1,409
(1,424)
182
(250)
460
(545)
9,338
(9,951)
Deficits in the schemes included in provisions (note 46) (445) (15) (68) (85) (613)
UK Netherlands Canada Ireland Total
£m £m £m £m
2007
£m
Equities
Bonds
Property
Other
4,347
3,059
562
135
306
556
52
114
144
85
—
2
256
174
42
5
5,053
3,874
656
256
Total fair value of assets
Present value of scheme liabilities
8,103
(8,229)
1,028
(1,049)
231
(289)
477 9,839
(450) (10,017)
(Deficits)/surplus in the schemes (126) (21) (58) 27 (178)
Included in other assets (note 26) — — — 27 27
Included in provisions (note 46) (126) (21) (58) — (205)
(126) (21) (58) 27 (178)
Other assets comprise cash at bank, derivative financial instruments, receivables and payables.
Plan assets in the table above include investments in Group-managed funds and insurance policies, as described in section (iii)
above. Where the investment and insurance policies are in segregated funds with specific asset allocations, they are included in the
appropriate line in the table above, otherwise they appear in “Other”. The Dutch insurance policies of £1,351 million
(2008:
£1,402 million, 2007: £1,025 million)
are considered non-transferable under the terms of IAS 19 and so have been treated as other
obligations to staff pension schemes within provisions (see note 46).
Financial statements IFRS