| |
|
2003 |
2002
Restated |
| |
note |
£m |
£m |
£m |
£m |
| ASSETS |
|
|
|
|
|
Investments |
|
|
|
|
|
Land and buildings |
12 |
2,095.4 |
|
1,998.6 |
|
Other financial investments |
14 |
20,932.8 |
|
16,144.1 |
|
Deposits with ceding undertakings |
|
1.6 |
|
1.8 |
|
| |
|
|
23,029.8 |
|
18,144.5 |
Assets held to cover linked liabilities |
|
|
211.6 |
|
152.3 |
Reinsurers' share of technical provisions |
22 |
|
|
|
|
Provision for unearned premiums |
|
8.5 |
|
6.7 |
|
Long term business provision |
|
41.9 |
|
25.7 |
|
Claims outstanding |
|
14.2 |
|
15.3 |
|
| |
|
|
64.6 |
|
47.7 |
Debtors |
|
|
|
|
|
Debtors arising out of direct insurance operations |
15 |
233.0 |
|
262.8 |
|
Debtors arising out of reinsurance operations |
|
- |
|
1.7 |
|
Other debtors |
16 |
135.5 |
|
45.0 |
|
| |
|
|
368.5 |
|
309.5 |
Other assets |
|
|
|
|
|
Tangible assets |
17 |
16.4 |
|
20.2 |
|
Cash at bank and in hand |
|
11.6 |
|
54.2 |
|
| |
|
|
28.0 |
|
74.4 |
Prepayments and accrued income |
|
|
|
|
|
Accrued interest and rent |
|
154.7 |
|
125.1 |
|
Deferred acquisition costs |
18 |
69.4 |
|
84.7 |
|
Other prepayments and accrued income |
|
77.1 |
|
79.7 |
|
| |
|
|
301.2 |
|
289.5 |
Total assets |
|
|
24,003.7 |
|
19,017.9 |
| |
| |
|
2003 |
2002 |
| |
note |
£m |
£m |
£m |
£m |
| LIABILITIES |
Capital and reserves |
Called up share capital |
19 |
0.1 |
|
0.1 |
|
Reserves |
20 |
|
|
|
|
Retained profit |
|
731.9 |
|
595.4 |
|
Other reserves |
|
317.0 |
|
317.0 |
|
| |
|
|
1,049.0 |
|
912.5 |
Fund for future appropriations |
21 |
|
1,851.8 |
|
1,529.7 |
Technical provisions |
22 |
|
|
|
|
Provision for unearned premiums |
|
331.2 |
|
337.8 |
|
Long term business provision |
|
14,914.9 |
|
13,998.1 |
|
Claims outstanding |
|
926.7 |
|
861.8 |
|
Provision for rebates and discounts |
|
22.7 |
|
63.1 |
|
Equalisation provision |
|
35.6 |
|
35.5 |
|
Provision for unexpired risks |
|
0.6 |
|
1.7 |
|
| |
|
|
16,231.7 |
|
15,298.0 |
Technical provision for linked liabilities |
22 |
|
211.6 |
|
152.3 |
Provision for other risks and charges |
23 |
|
364.5 |
|
341.9 |
Deposits received from reinsurers |
|
|
0.2 |
|
0.2 |
Creditors |
24 |
|
|
|
|
Arising out of direct insurance operations |
|
21.4 |
|
28.9 |
|
Arising out of reinsurance operations |
|
3.0 |
|
1.6 |
|
Amounts owed to credit institutions |
|
4,122.3 |
|
633.0 |
|
Other creditors including taxation and social security |
|
105.5 |
|
82.9 |
|
| |
|
|
4,252.2 |
|
746.4 |
Accruals and deferred income |
|
|
42.7 |
|
36.9 |
Total liabilities |
|
|
24,003.7 |
|
19,017.9 |
