Aviva 2009 Annual Report Download - page 288

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Aviva plc MCEV financial statements continued
Annual Report and Accounts 2009
Condensed consolidated statement of financial position – MCEV basis
Restated
2009 2009 2008
€m £m £m
Assets
3,842 Goodwill 3,381 3,578
3,250 Acquired value of in-force business and intangible assets 2,860 4,038
3,835 Additional value of in-force long-term business1 3,376 2,859
1,933 Interests in, and loans to, joint ventures 1,701 1,737
1,456 Interests in, and loans to, associates 1,281 1,246
856 Property and equipment 753 964
14,116 Investment property 12,422 14,426
46,681 Loans 41,079 42,237
Financial investments
182,398 Debt securities 160,510 150,398
49,253 Equity securities 43,343 43,351
39,575 Other investments 34,826 36,511
8,605 Reinsurance assets 7,572 7,894
1,394 Deferred tax assets 218 2,642
408 Current tax assets 359 622
10,946 Receivables and other financial assets 9,632 9,816
6,388 Deferred acquisition costs and other assets 5,621 6,147
4,095 Prepayments and accrued income 3,604 3,762
28,609 Cash and cash equivalents 25,176 23,643
60 Assets of operations classified as held for sale 53 1,550
407,700 Total assets 357,767 357,421
Equity
786 Ordinary share capital 692 664
5,089 Capital reserves 4,478 4,505
2,320 Other reserves 2,042 3,570
(77) Shares held by employee trusts (68) (33)
3,892 Retained earnings 3,425 3,902
2,803 Additional retained earnings on an MCEV basis1 2,466 554
14,813 Equity attributable to ordinary shareholders of Aviva plc 13,035 13,162
1,352 Preference share capital and direct capital instruments 1,190 1,190
4,814 Minority interests1 4,237 3,080
20,979 Total equity 18,462 17,432
Liabilities
194,423 Gross insurance liabilities 171,092 174,850
125,017 Gross liabilities for investment contracts 110,015 107,559
4,393 Unallocated divisible surplus 3,866 2,325
11,243 Net asset value attributable to unitholders 9,894 6,918
4,523 Provisions 3,980 2,984
2,326 Deferred tax liabilities 1,038 3,063
218 Current tax liabilities 192 642
17,045 Borrowings 15,000 15,201
23,343 Payables and other financial liabilities 20,542 20,840
4,152 Other liabilities 3,653 4,386
38 Liabilities of operations classified as held for sale 33 1,221
386,721 Total liabilities 339,305 339,989
407,700 Total equity and liabilities 357,767 357,421
The summarised consolidated statement of financial position presented above is unaltered from the corresponding IFRS summarised consolidated statement of financial position with the exception
of the following:
1.Adding the excess of the Life MCEV, including minority interests, over the corresponding Life IFRS net assets represented as the additional value of in-force long-term business; corresponding item
within equity represented by the additional retained profit on an MCEV basis; and, corresponding adjustments to minority interests.