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Legal & General

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Annual Report and Accounts 2009

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Content

Consolidated balance sheet – European Embedded Value basis.

As at 31 December 2009

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	Notes	2009 £m	2008 £m
Assets
Investments		290,550	249,185
Long term in-force business asset		2,645	3,160
Other assets		6,348	7,315
Total assets		299,543	259,660

Equity
Shareholders’ equity	14/15	6,695	6,521
Minority interests		2	144
Total equity		6,697	6,665

Liabilities
Subordinated borrowings		1,870	1,657
Unallocated divisible surplus		1,284	913
Participating contract liabilities		16,176	16,205
Non-participating contract liabilities		263,085	222,539
Senior borrowings		1,407	2,314
Other liabilities and provisions		9,024	9,367
Total liabilities		292,846	252,995
Total equity and liabilities		299,543	259,660

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