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Consolidated Balance Sheet (Liabilities)
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| Note | 31 December 1998 | 1998 £m | 1997 £m |
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| | Capital and reserves |
| 17 | Share capital | 98 | 97 |
| 17 | Share premium | 221 | 157 |
| 18 | Profit and loss account | 2,930 | 2,529 |
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| Shareholders’ funds – equity interests | 3,249 | 2,783 |
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| 1 | Fund for future appropriations | 20,879 | 19,301 |
| Technical provisions |
| Provision for unearned premiums | 158 | 155 |
| 19 | Long-term business provision | 76,553 | 69,512 |
| 21 | Claims outstanding | 704 | 716 |
| Equalisation provision | 22 | 14 |
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| | 77,437 | 70,397 |
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| Technical provisions for linked liabilities | 9,996 | 10,167 |
| Provisions for other risks and charges |
| 8 | Deferred tax | 465 | 449 |
| Creditors |
| Creditors arising out of direct insurance operations | 202 | 198 |
| Creditors arising out of reinsurance operations | 13 | 22 |
| 20 | Debenture loans | 1,031 | 820 |
| Amounts owed to credit institutions | 678 | 1,263 |
| Other creditors including taxation and social security: |
| | Banking business liabilities | 2,271 | 996 |
| | Tax | 362 | 333 |
| | Final dividend | 271 | 246 |
| 21 | | Other creditors | 1,619 | 1,149 |
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| | 6,447 | 5,027 |
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| 21 | Accruals and deferred income | 139 | 99 |
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| Total liabilities | 118,612 | 108,223 |
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