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Consolidated Balance Sheet (Assets)
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| Note | 31 December 1998 | 1998 £m | 1997 £m |
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| | Intangible assets |
| 9 | Goodwill | 59 | – |
| | Investments |
| 13 | Land and buildings | 7,298 | 6,313 |
| 14 | Investments in participating interests | 82 | 71 |
| 15 | Other financial investments | 93,014 | 85,335 |
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| | 100,394 | 91,719 |
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| 16 | Assets held to cover linked liabilities | 9,737 | 9,911 |
| Reinsurers’ share of technical provisions |
| Provision for unearned premiums | 3 | 2 |
| Long-term business provision | 172 | 152 |
| Claims outstanding | 60 | 63 |
| Technical provisions for linked liabilities | 259 | 256 |
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| | 494 | 473 |
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| Debtors |
| Debtors arising out of direct insurance operations: |
| | Policyholders | 254 | 160 |
| | Intermediaries | 3 | 4 |
| Debtors arising out of reinsurance operations | 160 | 143 |
| Other debtors: |
| | Tax recoverable | 269 | 262 |
| | Other | 598 | 583 |
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| | 1,284 | 1,152 |
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| Other assets |
| Banking business assets | 2,397 | 1,053 |
| Tangible assets | 141 | 115 |
| Cash at bank and in hand | 684 | 490 |
| 17 | Own shares | 10 | – |
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| | 3,232 | 1,658 |
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| Prepayments and accrued income |
| Accrued interest and rent | 779 | 780 |
| Deferred acquisition costs: |
| | Long-term business | 2,580 | 2,479 |
| | General business | 15 | 20 |
| Other prepayments and accrued income | 38 | 31 |
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| | 3,412 | 3,310 |
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| Total assets | 118,612 | 108,223 |
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