Annual Report 2012 - Swiss Life

In CHF million
Notes 31.12.2012 31.12.2011
109 Consolidated Financial Statements
Consolidated balance sheet
Liabilities and equity
Liabilities
Derivatives 9 839 1 186
Liabilities associated with assets held for sale 30 – 15
Financial liabilities at fair value through profit or loss 10 21 162 18 782
Investment contracts 20 11 553 11 358
Borrowings 21, 33 2 768 2 624
Other financial liabilities 22, 33 7 722 7 225
Insurance liabilities 23 97 474 93 365
Policyholder participation liabilities 8 376 5 150
Employee benefit liabilities 24 1 227 1 261
Current income tax liabilities 74 120
Deferred income tax liabilities 25 1 458 1 144
Provisions 26 188 150
Other liabilities 19 274 333
Total liabilities 153 114 142 713
Equity
Share capital 164 164
Share premium 1 507 1 651
Treasury shares –17 –25
Foreign currency translation differences 27 –855 –833
Gains/losses recognised directly in equity 27 2 736 1 544
Retained earnings 6 718 6 626
Total shareholders’ equity 10 253 9 127
Non-controlling interests 33 35
Total equity 10 286 9 162
Total liabilities and equity 163 400 151 875
Swiss Life – Annual Report 2012