Consolidated Balance Sheet
For the year ended 31 December 2007
2007 | 2006 | ||
ASSETS |
Notes | £m | £m |
Cash and cash equivalents |
16 | 11.6 | 16.5 |
Financial investments at fair value through income |
17 | 2,638.9 | 2,367.7 |
Reinsurance assets |
18 | ||
– reinsurers share of outstanding claims |
270.2 | 357.0 | |
– reinsurers share of unearned premium |
27.5 | 37.7 | |
– debtors arising from reinsurance operations |
319.2 | 300.6 | |
Loans and receivables, including insurance receivables |
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– insurance receivables |
19 | 183.1 | 216.3 |
– loans and receivables |
19 | 36.8 | 51.6 |
Current income tax asset |
4.0 | 6.3 | |
Deferred tax assets |
14 | 13.4 | 20.9 |
Property and equipment |
20 | 5.8 | 6.2 |
Intangible assets |
21 | 69.0 | 66.0 |
Total assets |
3,579.5 | 3,446.8 |
EQUITY |
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Share capital |
22 | 134.4 | 133.5 |
Share premium |
24 | 230.8 | 347.6 |
Other reserves |
24 | (30.2) | (21.8) |
Treasury shares |
24 | (2.1) | (0.6) |
Retained earnings |
24 | 719.0 | 477.4 |
Equity attributable to equity holders of the parent |
1,051.9 | 936.1 | |
Minority interest |
24 | 0.4 | 0.3 |
Total equity and reserves |
1,052.3 | 936.4 |
LIABILITIES |
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Insurance contracts |
18 | ||
– outstanding claims |
1,350.2 | 1,417.5 | |
– unearned premium |
501.8 | 545.5 | |
– creditors arising from insurance operations |
34.0 | 68.6 | |
Trade and other payables |
25 | 207.1 | 68.4 |
Current income tax liabilities |
25.7 | 28.7 | |
Borrowings |
26 | 277.5 | 278.8 |
Retirement benefit obligations |
27 | 2.8 | 7.5 |
Deferred tax liabilities |
14 | 128.1 | 95.4 |
Total liabilities |
2,527.2 | 2,510.4 | |
Total equity, reserves and liabilities |
3,579.5 | 3,446.8 |
The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2008. They were signed on its behalf by:
Roger Taylor Chairman Richard Hextall Finance Director