Achieved Profits Basis Supplementary Information
for the year ended 31 December 2004
4 CONSOLIDATED BALANCE SHEET ON AN ACHIEVED PROFITS BASIS
| Rm | ||
| At 31 December 2004 |
At 31 December 2003 (Restated)* |
|
| Assets | ||
| Goodwill | 12,497 |
15,088 |
| Insurance and other assets | 407,979 |
386,855 |
| Banking assets | 298,345 |
286,985 |
| Total long term in-force business asset | 9,460 |
8,353 |
| Total assets | 728,281 |
697,281 |
| Liabilities | ||
| Achieved profits equity shareholders' funds | 44,638 |
41,202 |
| Minority interests | 16,589 |
15,662 |
| Subordinated liabilities | - |
179 |
| Insurance and other liabilities | 386,078 |
366,735 |
| Banking liabilities | 280,976 |
273,503 |
| Total liabilities | 728,281 |
697,281 |
| Reconciliation of total long term in-force business asset | ||
| Value of in-force business | 17,271 |
15,227 |
| OMUSL statutory solvency adjustment | (7,767) |
(6,756) |
| OMI life subsidiaries statutory solvency adjustment | (206) |
(203) |
| Adjustment for discounting CGT | 162 |
85 |
| Total long term in-force business asset | 9,460 |
8,353 |
* Comparative figures have been restated to reflect the adoption of Urgent Issues Taskforce Abstract 38 "Accounting for ESOP Trusts" (UITF38). The effect of this restatement is that consolidated achieved profits equity shareholders' funds of £3,561 million (R42,503 million) before prior year adjustments have been decreased by £109 million (R1,301 million).
This supplementary information has been approved by the Board and signed on its behalf by:
Julian V F Roberts
Group Finance Director
28 February 2005
