PDF - Royal and Sun Alliance

CONDENSED CONSOLIDATED BALANCE SHEET
STATUTORY BASIS
31 December 31 December
2008 2007
(audited)
(audited)
£m £m
Assets
Goodwill and other intangible assets 744 663
Property and equipment 309 377
Investment property 365 429
Investment in associates 123 105
Financial assets 12,748 11,340
Total investments 13,236 11,874
Reinsurers' share of insurance contract liabilities 1,759 1,872
Insurance and reinsurance debtors 2,890 2,579
Deferred acquisition costs 653 542
Current tax assets 40 19
Deferred tax assets 142 87
Other debtors and other assets 1,477 963
1,659 1,069
Cash and cash equivalents 1,614 1,509
22,864 20,485
Non current and disposal group assets held for sale* 3 108
Total assets 22,867 20,593
Equity, reserves and liabilities
Equity and reserves
Shareholders' funds 3,839 3,077
Minority interests 81 67
Total equity and reserves 3,920 3,144
Liabilities
Loan capital 1,311 1,194
Insurance contract liabilities 15,055 13,727
Insurance and reinsurance liabilities 545 426
Borrowings 300 303
Current tax liabilities 215 92
Deferred tax liabilities 238 224
Provisions 240 331
Other liabilities 1,043 1,087
Provisions and other liabilities 1,736 1,734
18,947 17,384
Non current and disposal group liabilities held for sale* - 65
Total liabilities 18,947 17,449
Total equity, reserves and liabilities 22,867 20,593
These condensed consolidated financial statements have been approved for issue by the Board of Directors on 25
February 2009.
The attached notes are an integral part of these condensed consolidated financial statements.
* Non current and disposal group assets and liabilities held for sale in 2008 relate to property and in 2007 relate to a UK subsidiary and property.
24 Ι RSA Ι 2008 Year End Results Ι 26 February 2009