33 VALUE OF IN-FORCE NON-PARTICIPATING CONTRACTS.


(i) Movement in value of in-force non-participating contracts

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2011
£m

2010
£m

As at 1 January

377

367

Unwinding of the discount rates

19

18

Investment return

(79)

16

Other

(75)

(24)

As at 31 December

242

377

Expected to be settled within 12 months

63

44

Expected to be settled after 12 months

179

333

(ii) Expected net cash flows

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Date of undiscounted cash flow

 

 

As at 31 December 2011

0-5
years
£m

5-15
years
£m

15-25
years
£m

Over
25 years
£m

Total
£m

Carrying
value
£m

Value of in-force non-participating contracts

143

127

56

34

360

242

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Date of undiscounted cash flow

 

 

As at 31 December 2010

0-5
years
£m

5-15
years
£m

15-25
years
£m

Over
25 years
£m

Total
£m

Carrying
value
£m

Value of in-force non-participating contracts

231

242

103

53

629

377

Value of in-force ([VIF]) non-participating undiscounted net cash flows are based on the expected date of realisation. The VIF relates entirely to insurance contracts.

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