21 Value of in-force non-participating contracts.

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

(XLS:) Value of in-force non-participating contracts – movement

 

2012
£m

2011
£m

As at 1 January

242

377

Unwinding of the discount rates

8

19

Investment return

(46)

(79)

Other

38

(75)

As at 31 December

242

242

Expected to be settled within 12 months

62

63

Expected to be settled after 12 months

180

179

(ii) Expected net cash flows

(XLS:) Value of in-force non-participating contracts – expected net cash flows 2012

 

Date of undiscounted cash flow

Total
£m

Carrying value
£m

As at 31 December 2012

0-5 years
£m

5-15
years
£m

15-25
years
£m

Over
25 years
£m

Value of in-force non-participating contracts

119

105

49

23

296

242

(XLS:) Value of in-force non-participating contracts – expected net cash flows 2011

 

Date of undiscounted cash flow

Total
£m

Carrying value
£m

As at 31 December 2011

0-5 years
£m

5-15
years
£m

15-25
years
£m

Over
25 years
£m

Value of in-force non-participating contracts

143

127

56

34

360

242

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.