Setting new standards - Friends Life

PARENT COMPANY ACCOUNTS
ABBREVIATIONS AND DEFINITIONS
Notes to the consolidated accounts continued
3. Segmental information continued
Year ended 31 December 2005
International
Elimination of
UK Life & Life & Asset inter-segment
Pensions Pensions Management amounts Total
£m £m £m £m £m
Segment assets 38,586 9,766 1,936 (216) 50,072
Investments in associates and joint venture 14 - - - 14
Total assets 38,600 9,766 1,936 (216) 50,086
Total liabilities 35,665 9,262 1,435 (216) 46,146
Other segment information:
Capital expenditure 226 3 6 - 235
Depreciation 8 - 3 - 11
Amortisation 45 8 56 - 109
Impairment losses (i) - - 116 - 116
(i) Comprises impairment losses on acquired intangible assets £58m (2005: £112m) and impairment losses on associates £nil (2005: £4m).
The presentation of intercompany liabilities has been amended in 2006 resulting in the reclassification of certain segment liabilities
reported in 2005.
(c) Geographical segmental information (secondary segment information)
Year ended 31 December 2006
Rest of
UK the world Total
£m £m £m
Gross earned premiums 968 12 980
Fee and commission income and income from service activities 274 291 565
Revenue from external customers 1,242 303 1,545
Investment income 3,697
Less premiums ceded to reinsurers (84)
Total revenue 5,158
Total assets 43,238 11,251 54,489
Capital expenditure 316 6 322
Friends Provident Annual Report & Accounts 2006 89