| 2003 | 2002 Restated | ||||
| note | £m | £m | £m | £m | |
| ASSETS | |||||
Investments |
|||||
Land and buildings |
12 | 2,074.7 | 1,979.9 | ||
Investments in group undertakings |
13 | 476.6 | 563.9 | ||
Other financial investments |
14 | 20,487.8 | 15,617.8 | ||
Deposits with ceding undertakings |
1.6 | 1.8 | |||
| 23,040.7 | 18,163.4 | ||||
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 | 130.1 | 40.1 | ||
| 363.1 | 304.6 | ||||
Other assets |
|||||
Tangible assets |
17 | 16.3 | 20.1 | ||
Cash at bank and in hand |
6.2 | 39.7 | |||
| 22.5 | 59.8 | ||||
Prepayments and accrued income |
|||||
Accrued interest and rent |
153.7 | 123.9 | |||
Deferred acquisition costs |
18 | 69.4 | 84.7 | ||
Other prepayments and accrued income |
77.1 | 79.7 | |||
| 300.2 | 288.3 | ||||
Total assets |
24,002.7 | 19,016.1 | |||
| 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 | |||
Other creditors including taxation and social security |
104.6 | 81.1 | |||
| 4,251.3 | 744.6 | ||||
Accruals and deferred income |
42.6 | 36.9 | |||
Total liabilities |
24,002.7 | 19,016.1 | |||