BALANCE SHEET
AS AT 30 JUNE 2015
NOTE
CONSOLIDATED
2015
2014
$m
$m
ASSETS
Cash held for operational purposes
22
306
447
Investments
14
15,535
15,377
Premium receivable
15
3,251
3,316
Trade and other receivables
15
653
628
Reinsurance and other recoveries on outstanding claims
11
3,713
3,248
Deferred levies and charges
116
119
Deferred outwards reinsurance expense
12
1,823
706
Deferred acquisition costs
12
1,015
1,028
Deferred tax assets
6
499
324
Property and equipment
235
249
Other assets
134
135
Investment in joint venture and associates
26
561
572
Intangible assets
16
671
700
Goodwill
17
2,890
2,899
Total assets
31,402
29,748
LIABILITIES
Trade and other payables
18
1,321
1,514
Reinsurance premium payable
1,440
556
Restructuring provision
19
59
50
Current tax liabilities
109
203
Unearned premium liability
13
6,156
6,256
Outstanding claims liability
10
12,687
12,006
Non-controlling interests in unitholders' funds
198
190
Employee benefits provision
27
324
337
Other liabilities
328
90
Interest bearing liabilities
20
1,762
1,752
Total liabilities
24,384
22,954
Net assets
7,018
6,794
EQUITY
Share capital
21
7,275
6,775
Treasury shares held in trust
(83)
(94)
Reserves
(38)
38
Retained earnings
(337)
(151)
Parent interest
6,817
6,568
Non-controlling interests
201
226
Total equity
7,018
6,794
The above balance sheet should be read in conjunction with the notes to the financial statements.
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