Segmentation of summarised consolidated balance sheet - EEV basis
As at 30 June 2008
| 30 June 2008 | Restated 30 June 2007 |
Restated 31 December 2007 |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| Life and related businesses £m |
General business and other £m |
Group £m |
Life and related businesses £m |
General business and other £m |
Group £m |
Group £m |
|||
| Total assets before acquired additional value of in-force long-term business | 282,605 | 43,379 | 325,984 | 263,390 | 39,603 | 302,993 | 319,143 | ||
| Acquired additional value of in-force long-term business | 1,806 | – | 1,806 | 1,744 | – | 1,744 | 1,698 | ||
| Total assets included in the statutory IFRS balance sheet | 284,411 | 43,379 | 327,790 | 265,134 | 39,603 | 304,737 | 320,841 | ||
| Liabilities of the long-term business | (269,341) | – | (269,341) | (251,372) | – | (251,372) | (264,429) | ||
| Liabilities of the general insurance and other businesses | – | (43,032) | (43,032) | – | (37,849) | (37,849) | (39,820) | ||
| Net assets on a statutory IFRS basis | 15,070 | 347 | 15,417 | 13,762 | 1,754 | 15,516 | 16,592 | ||
| Additional value of in-force long-term business1 | 7,830 | – | 7,830 | 7,219 | – | 7,219 | 7,982 | ||
| Net assets on an EEV basis2 | 22,900 | 347 | 23,247 | 20,981 | 1,754 | 22,735 | 24,574 | ||
| Equity capital, capital reserves, shares held by employee trusts and other reserves | 6,780 | 5,645 | 6,326 | ||||||
| IFRS basis retained earnings | 5,140 | 6,098 | 6,233 | ||||||
| Additional EEV basis retained profit | 6,752 | 7,393 | 7,694 | ||||||
| Equity attributable to ordinary shareholders of Aviva plc on an EEV basis | 18,672 | 19,136 | 20,253 | ||||||
| Preference share capital and direct capital instrument | 1,190 | 1,190 | 1,190 | ||||||
| Minority interests | 3,385 | 2,409 | 3,131 | ||||||
| EEV basis total equity | 23,247 | 22,735 | 24,574 | ||||||
1. The analysis between the Group’s and the minority interests’ share of the additional value of in-force long-term business is as follows:
| 30 June 2008 £m |
31 December 2007 £m |
Movement in the period £m |
||
|---|---|---|---|---|
| * | Additional value of in-force long-term business of £7,219 million as at 30 June 2007 includes £36 million shown within assets of operations held for sale on the balance sheet. | |||
| Group’s share included in shareholders’ funds | 6,752 | 7,694 | (942) | |
| Minority interests’ share | 688 | 578 | 110 | |
| Movement in AFS securities | 390 | (290) | 680 | |
| Per balance at 30 June/31 December* | 7,830 | 7,982 | (152) | |
2. Analysis of net assets on an EEV basis is made up as follows:
| 30 June 2008 £m |
Restated 30 June 2007 £m |
31 December 2007 £m |
|
|---|---|---|---|
| Embedded value | 19,867 | 18,704 | 20,319 |
| RBSG goodwill | 217 | 217 | 217 |
| Goodwill and intangible assets allocated to long-term business | 2,118 | 1,652 | 2,036 |
| Notional allocation of IAS 19 pension fund deficit to long-term business3,4 | (140) | (56) | (58) |
| Minority interest in property investment vehicles | 838 | 464 | 758 |
| Long-term business net assets on an EEV basis5 | 22,900 | 20,981 | 23,272 |
