Condensed statement of consolidated financial position

as at 30 June 2010

Notes
30 Jun 2010
£m
30 Jun 2009
Restated
£m
31 Dec 2009
£m
EQUITY AND LIABILITIES
Equity attributable to owners of the parent
Share capital 6  – – –
Share premium 869 401 859
Other reserves 235 6 257
Shares held by employee trust (4) – (4)
Foreign currency translation reserve 93 63 93
Retained earnings 489 (3) 207
Total equity attributable to owners of the parent 1,682 467 1,412
Non-controlling interests 8 733 – 728
Total equity 2,415 467 2,140
Liabilities
Pension scheme deficit 9  194 – 125
Insurance contract liabilities
Liabilities under insurance contracts 10  50,001 – 50,291
Unallocated surplus 715 – 721
50,716 – 51,012
Financial liabilities
Investment contracts 12.1  7,969 – 8,570
Borrowings 11  4,135 – 4,181
Deposits received from reinsurers 432 – 431
Derivatives 12.1  2,273 46 2,842
Net asset value attributable to unit holders 12.1  1,134 – 946
Obligations for repayment of collateral received 4,441 – 4,106
20,384 46 21,076
Provisions 98 – 101
Deferred tax 666 – 776
Reinsurance payables 22 – 17
Payables related to direct insurance contracts 718 – 759
Current tax 89 – 103
Accruals and deferred income 149 6 177
Other payables 1,565 – 650
Total liabilities 74,601 52 74,796
Total equity and liabilities 77,016 519 76,936

Condensed statement of consolidated financial position (continued)

as at 30 June 2010

Notes
30 Jun 2010
£m
30 Jun 2009
Restated
£m
31 Dec 2009
£m
ASSETS
Pension scheme surplus 9 72 – –
Intangible assets
Goodwill 77 – 77
Acquired in-force business 2,089 – 2,163
Customer relationships 429 – 438
Present value of future profits 35 – 35
2,630 – 2,713
Property, plant and equipment 34 – 34
Investment property 1,728 – 1,915
Financial assets
Loans and receivables 1,085 – 1,081
Derivatives 12.1  3,258 – 3,540
Equities 12.1  11,297 – 13,151
Fixed and variable rate income securities 12.1  38,174 – 37,658
Collective investment schemes 12.1  6,567 – 6,094
60,381 – 61,524
Deferred tax assets – – 81
Insurance assets
Reinsurers’ share of insurance contract liabilities 2,943 – 2,860
Reinsurance receivables 259 – 264
Insurance contract receivables 21 – 17
3,223 – 3,141
Current tax 12 – 44
Prepayments and accrued income 614 – 622
Other receivables 1,644 – 781
Cash and cash equivalents 6,678 4 6,081
Amounts in trust – 515 –
Total assets 77,016 519 76,936

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