Consolidated balance sheet

Consolidated balance sheet for the year ended 31 December 2018

For the year ended 31 December 2018 Notes 2018
£ million
2017
£ million
Assets      
Goodwill   65 11
Purchased interest in long term businesses and other intangible assets   223 138
Deferred acquisition costs   140 1,507
Investment in associates and joint ventures   259 252
Property, plant and equipment   57 59
Investment property 3.06 6,965 7,110
Financial investments 3.06 430,498 443,162
Reinsurers’ share of contract liabilities   4,737 5,545
UK deferred tax asset 3.07 7 7
Current tax recoverable   418 342
Other assets   5,593 6,083
Assets of operations classified as held for sale 3.03 26,234 22,584
Cash and cash equivalents   17,321 18,919
Total assets   492,517 504,352
       
Equity      
Share capital 3.08 149 149
Share premium 3.08 992 988
Employee scheme treasury shares   (52) (40)
Capital redemption and other reserves   230 168
Retained earnings   7,261 6,251
Attributable to owners of the parent   8,580 7,516
Non-controlling interests  3.09 72 76
Total equity   8,652 7,592
       
Liabilities      
Non-participating insurance contracts   64,707 61,308
Non-participating investment contracts   293,080 315,651
Non-participating contract liabilities   442,676 377,969
Core borrowings 3.10 3,922 3,459
Operational borrowings 3.11 1,026 538
Provisions 3.15 1,140 1,335
UK deferred tax liabilities 3.07 144 13
Overseas deferred tax liabilities 3.07 185 221
Current tax liabilities   171 223
Payables and other financial liabilities 3.12 62,548 52,246
Other liabilities   619 491
Net asset value attributable to unit holders   26,481 27,317
Liabilities of operations classified as held for sale 3.03 29,842 33,958
Total liabilities   483,865 496,760
Total equity and liabilities   492,517 504,352
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