(Download XLS:)  |
|
|
Notes |
Gross |
Reinsurance |
Gross |
Reinsurance |
|---|---|---|---|---|---|
|
Insurance contract deferred acquisition costs |
1,111 |
(90) |
734 |
(66) | |
|
Investment contract deferred acquisition costs |
1,001 |
– |
962 |
– | |
|
Deferred acquisition costs |
|
2,112 |
(90) |
1,696 |
(66) |
| (Download XLS:) |
|
|
|
Gross |
Reinsurance |
Gross |
Reinsurance |
|---|---|---|---|---|---|
|
As at 1 January |
|
734 |
(66) |
695 |
(69) |
|
Acquisition costs deferred |
|
159 |
(1) |
146 |
(1) |
|
Amortisation charged to income |
|
(142) |
6 |
(132) |
6 |
|
Increase/(decrease) due to currency translation |
|
282 |
(25) |
(6) |
1 |
|
Other |
|
78 |
(4) |
31 |
(3) |
|
As at 31 December |
|
1,111 |
(90) |
734 |
(66) |
|
To be amortised within 12 months |
|
118 |
(4) |
99 |
(3) |
|
To be amortised after 12 months |
|
993 |
(86) |
635 |
(63) |
Of the total gross deferred acquisition costs, £1,011m (2007: £636m) relates to the US insurance business.
| (Download XLS:) |
|
|
|
Gross |
Reinsurance |
Gross |
Reinsurance |
|---|---|---|---|---|---|
|
As at 1 January |
|
962 |
– |
761 |
– |
|
Acquisition costs deferred |
|
163 |
– |
271 |
– |
|
Amortisation charged to income |
|
(95) |
– |
(59) |
– |
|
Decrease due to currency translation |
|
11 |
– |
3 |
– |
|
Other |
|
(40) |
– |
(14) |
– |
|
As at 31 December |
|
1,001 |
– |
962 |
– |
|
To be amortised within 12 months |
|
138 |
– |
57 |
– |
|
To be amortised after 12 months |
|
863 |
– |
905 |
– |