Financial statements

ASSETS	Notes	2006 £m	2005 (restated) £m
Cash and cash equivalents	14	16.5	65.6
Financial investments at fair value through income	15	2,367.7	2,078.2
Reinsurance assets	16
– reinsurers share of outstanding claims		357.0	604.6
– reinsurers share of unearned premium		37.7	24.2
– debtors arising from reinsurance operations		300.6	387.3
Loans and receivables, including insurance receivables
– insurance receivables	17	216.3	214.3
– loans and receivables	17	51.6	132.9
Current income tax assets		6.3	3.7
Deferred tax assets	12	20.9	24.4
Property and equipment	18	6.2	6.0
Intangible assets	19	66.0	66.0
Total assets		3,446.8	3,607.2
EQUITY
Share capital	20	133.5	132.5
Share premium account	22	347.6	344.0
Other reserves	22	(23.4)	51.3
Treasury shares	22	1.0	(0.3)
Retained earnings	22	477.4	257.3
Equity attributable to equity holders of the parent		936.1	784.8
Minority interest	22	0.3	–
Total equity and reserves		936.4	784.8
LIABILITIES
Insurance contracts	16
– outstanding claims		1,417.5	1,704.3
– unearned premium		545.5	523.8
– creditors arising from insurance operations		68.6	114.8
Trade and other payables	23	68.4	67.1
Current income tax liabilities		28.7	19.6
Borrowings	24	278.8	298.2
Retirement benefit obligations	25	7.5	12.4
Deferred tax liabilities	12	95.4	82.2
Total liabilities		2,510.4	2,822.4
Total equity, reserves and liabilities		3,446.8	3,607.2

The financial statements were approved by the Board of Directors and authorised for issue on 2 March 2007.

They were signed on its behalf by:

Roger Taylor
Chairman

Richard Hextall
Finance Director

© Copyright Amlin 2006