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CONSOLIDATED BALANCE SHEET

 

At 31 December 2008

 
Notes
At
31 December
£m
2008
At
31 December
£m
2007
Assets
Goodwill and other intangible assets
16
5,882
5,459
Mandatory reserve deposits with Central Banks
734
615
Property, plant and equipment
17
682
608
Investment property
18
1,478
1,479
Deferred tax assets
20
1,590
683
Investments in associated undertakings and joint ventures
21
111
81
Deferred acquisition costs
22
3,199
2,253
Reinsurers' share of long-term business policyholder liabilities
23
1,148
1,394
Reinsurers' share of general insurance liabilities
23
115
-
Deposits held with reinsurers
23
164
213
Loans and advances
24
35,745
30,687
Investments and securities
25
83,522
89,627
Current tax receivable
118
83
Client indebtedness for acceptances
220
165
Other assets
26
3,137
2,774
Derivative financial instruments - assets
27
4,633
1,527
Cash and cash equivalents
2,862
3,469
Non-current assets held-for-sale
32
7
1,623
Total assets
145,347
142,740
       
Liabilities
Long-term business policyholder liabilities
23
81,269
84,251
General insurance liabilities
23
344
-
Third party interests in consolidated funds
2,591
3,547
Borrowed funds
33
2,295
2,353
Provisions
34
477
499
Deferred revenue
35
598
462
Deferred tax liabilities
20
1,452
1,413
Current tax payable
219
320
Other liabilities
36
3,733
6,180
Liabilities under acceptances
220
165
Amounts owed to bank depositors
37
38,171
31,817
Derivative financial instruments - liabilities
27
4,395
1,716
Non-current liabilities held-for-sale
32
6
420
Total liabilities
135,770
133,143
Net assets
9,577
9,597
       
Shareholders' equity
Equity attributable to equity holders of the parent
7,737
7,961
Minority interests
 Ordinary shares
39(i)
1,147
933
Preferred securities
39(ii)
693
703
Total minority interests
1,840
1,636
Total equity
9,577
9,597

The consolidated financial statements on pages 111 to 240 were approved by the Board of Directors on 4 March 2009.

Julian Roberts
Group Chief Executive		 Philip Broadley
Group Finance Director