D2 Total assets – Valuation bases/fair value hierarchy

Page 1 of 3

D2 – Total assets – Valuation bases/fair value hierarchy

				2009				2008 (Restated)
Total assets	Fair value £m	Amortised cost £m	Equity accounted/ tax assets1 £m	Total £m		Fair value £m	Amortised cost £m	Equity accounted/ tax assets1 £m	Total £m
Goodwill and acquired value of in-force business and intangible assets	—	6,241	—	6,241		—	7,630	—	7,630
Interests in joint ventures and associates	—	—	2,982	2,982		—	—	2,983	2,983
Property and equipment	415	340	—	755		566	500	—	1,066
Investment property	12,430	—	—	12,430		14,426	—	—	14,426
Loans	20,890	20,189	—	41,079		21,468	20,769	—	42,237
Financial investments
Debt securities	160,510	—	—	160,510		150,734	—	—	150,734
Equity securities	43,343	—	—	43,343		43,411	—	—	43,411
Other investments	34,849	—	—	34,849		36,511	—	—	36,511
Reinsurance assets	—	7,572	—	7,572		—	7,894	—	7,894
Deferred tax assets	—	—	218	218		—	—	2,642	2,642
Current tax assets	—	—	359	359		—	—	622	622
Receivables and other financial assets	—	9,652	—	9,652		—	10,202	—	10,202
Deferred acquisition costs and other assets	—	5,621	—	5,621		—	6,148	—	6,148
Prepayments and accrued income	—	3,604	—	3,604		—	3,920	—	3,920
Cash and cash equivalents	25,176	—	—	25,176		24,136	—	—	24,136
Total	297,613	53,219	3,559	354,391		291,252	57,063	6,247	354,562
Total %	84.0%	15.0%	1.0%	100.0%		82.1%	16.1%	1.8%	100.0%

1. Within the group’s statement of financial position, assets are recognised for deferred tax and current tax. The valuation basis of these assets does not directly fall within any of the categories outlined above. As such, these assets have been reported together with equity accounted within the analysis of the group’s assets.

D2 – Total assets – Valuation bases/fair value hierarchy

Total assets – Policyholder assets 2009	Fair value £m	Amortised cost £m	Equity accounted/ tax assets1 £m	Total £m
Goodwill and acquired value of in-force business and intangible assets	—	—	—	—
Interests in joint ventures and associates	—	—	356	356
Property and equipment	—	—	—	—
Investment property	3,941	—	—	3,941
Loans	551	917	—	1,468
Financial investments			—
Debt securities	17,596	—	—	17,596
Equity securities	28,638	—	—	28,638
Other investments	24,867	—	—	24,867
Reinsurance assets	—	1,014	—	1,014
Deferred tax assets	—	—	—	—
Current tax assets	—	—	—	—
Receivables and other financial assets	—	276	—	276
Deferred acquisition costs and other assets	—	139	—	139
Prepayments and accrued income	—	177	—	177
Cash and cash equivalents	4,214	—	—	4,214
Total	79,807	2,523	356	82,686
Total %	96.5%	3.1%	0.4%	100%
Total 2008 (Restated)	75,391	3,520	194	79,105
Total % 2008	95.3%	4.5%	0.2%	100%

1. Within the group’s statement of financial position, assets are recognised for deferred tax and current tax. The valuation basis of these assets does not directly fall within any of the categories outlined above. As such, these assets have been reported together with equity accounted within the analysis of the group’s assets.

 

Total assets – Participating fund assets 2009	Fair value £m	Amortised costost £m	Equity accounted/ tax assets1 £m	Total £m
Goodwill and acquired value of in-force business and intangible assets	—	—	—	—
Interests in joint ventures and associates	—	—	597	597
Property and equipment	37	42	—	79
Investment property	6,338	—	—	6,338
Loans	1,078	6,465	—	7,543
Financial investments
Debt securities	86,464	—	—	86,464
Equity securities	9,678	—	—	9,678
Other investments	7,222	—	—	7,222
Reinsurance assets	—	1,143	—	1,143
Deferred tax assets	—	—	—	—
Current tax assets	—	—	—	—
Receivables and other financial assets	—	2,299	—	2,299
Deferred acquisition costs and other assets	—	880	—	880
Prepayments and accrued income	—	1,408	—	1,408
Cash and cash equivalents	14,349	—	—	14,349
Total	125,166	12,237	597	138,000
Total %	90.7%	8.9%	0.4%	100.0%
Total 2008	120,945	12,770	950	134,665
Total % 2008	89.8%	9.5%	0.7%	100.0%

1. Within the group’s statement of financial position, assets are recognised for deferred tax and current tax. The valuation basis of these assets does not directly fall within any of the categories outlined above. As such, these assets have been reported together with equity accounted within the analysis of the group’s assets.

Page 1 of 3