annual report 2011

IOOF | annual report 2011
Statement of financial position
As at 30 June 2011
Consolidated Parent
2011 2010 2009 2011 2010
Note $’000 $’000 $’000 $’000 $’000
Assets
Cash and cash equivalents 12 152,999 132,780 132,123 45,959 617
Receivables 13 73,068 67,668 105,614 14,342 11,547
Current tax assets - - 1,961 - -
Other financial assets 14 60,573 47,754 40,565 912,479 884,902
Investments backing policyholder 40 968,017 1,023,476 979,344 - -
liabilities
Other assets 15 24,961 27,808 31,298 - -
Investments in equity-accounted 16 14,739 12,891 10,317 - -
investees
Property and equipment 17 12,553 8,165 12,621 - -
Goodwill 18 491,856 491,856 479,455 - -
Other intangible assets 19 258,997 276,694 290,445 - -
Deferred tax assets 20 - 10,657 16,752 - 778
Total assets 2,057,763 2,099,749 2,100,495 972,780 897,844
Liabilities
Payables 21 50,664 48,401 112,546 70 80
Borrowings 22 38 14,628 30,714 10,000 10,000
Current tax liabilities 32,108 23,093 - 29,387 20,563
Other financial liabilities 23 43,112 37,357 18,085 - -
Provisions 24 40,379 45,588 48,057 - 550
Deferred tax liabilities 20 4,074 - - 13,113 -
Other liabilities 25 17,393 20,998 24,688 - -
Policy liabilities 40 968,017 1,022,730 978,768 - -
Total liabilities 1,155,785 1,212,795 1,212,858 52,570 31,193
Net assets 901,978 886,954 887,637 920,210 866,651
Equity
Share capital 26 868,451 858,178 849,609 868,451 858,628
Reserves 27 (7,756) (3,324) 6,186 8,246 5,903
Retained earnings 28 25,126 15,583 14,388 43,513 2,120
Total equity attributable to equity
885,821 870,437 870,183 920,210 866,651
holders of the Company
Non-controlling interest 16,157 16,517 17,454 - -
Total equity 901,978 886,954 887,637 920,210 866,651
Notes to the financial statements are included on pages 54 to 113.
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