Notes to the Financial Statements

33 Creditors

		£m
33(a) Creditors arising from direct insurance operations	At 31 December 2004	At 31 December 2003
Amounts owed to policyholders	164	227
Amounts owed to intermediaries	17	26
Outstanding securities purchased	2	7
Other	122	218
	305	478

		£m
33(b) Other creditors including tax and social security	At 31 December 2004	At 31 December 2003
Falling due within one year
Current taxation	152	118
Dividends payable	122	106
Loans and advances from policyholders	1,057	736
Other creditors	404	843
	1,735	1,803

Falling due after one year
Other creditors	48	3
	1,783	1,806