Consolidated balance sheet

Consolidated balance sheet for the year ended 31 December 2017

For the year ended 31 December 2017 Notes 2017
£ million
2016
£ million
Assets      
Goodwill   11 11
Purchased interest in long term businesses and other intangible assets   138 155
Deferred acquisition costs   1,507 2,105
Investment in associates and joint ventures   252 283
Property, plant and equipment   59 76
Investment property 3.05 7,110 8,150
Financial investments 3.05 443,162 430,435
Reinsurers’ share of contract liabilities   5,703 5,593
UK deferred tax asset 3.06 7 5
Current tax recoverable   342 297
Other assets   6,083 3,131
Assets of operations classified as held for sale 3.03 22,584 2,265
Cash and cash equivalents   18,919 15,348
Total assets   505,877 467,854
       
Equity      
Share capital 3.09 149 149
Share premium 3.09 988 981
Employee scheme treasury shares   (40) (30)
Capital redemption and other reserves   168 212
Retained earnings   6,578 5,633
Attributable to owners of the parent   7,843 6,945
Non-controlling interests  3.15 76 338
Total equity   7,919 7,283
       
Liabilities      
Participating insurance contracts   - 5,794
Participating investment contracts   - 5,271
Unallocated divisible surplus   - 661
Value of in-force non-participating contracts   - (206)
Participating contract liabilities   - 11,520
Non-participating insurance contracts   62,318 60,779
Non-participating investment contracts   315,651 321,177
Non-participating contract liabilities   377,969 381,956
Core borrowings 3.10 3,459 3,071
Operational borrowings 3.11 538 430
Provisions 3.18 1,335 1,328
UK deferred tax liabilities 3.06 13 291
Overseas deferred tax liabilities 3.06 337 522
Current tax liabilities   223 117
Payables and other financial liabilities 3.07 52,246 37,347
Other liabilities   563 594
Net asset value attributable to unit holders   27,317 21,573
Liabilities of operations classified as held for sale 3.03 33,958 1,822
Total liabilities   497,958 460,571
Total equity and liabilities   505,877 467,854
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