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Consolidated statement of
financial position

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31 December Note 2016 £m 2015 £m
Included within equity securities and portfolio holdings in unit trusts, debt securities and other investments are £8,545 million (2015: £5,995 million) of lent securities and assets subject to repurchase agreements.
Assets      
Goodwill C5(a) 1,628 1,648
Deferred acquisition costs and other intangible assets C5(b) 10,807 8,472
Property, plant and equipment C13 743 1,197
Reinsurers’ share of insurance contract liabilities C4.1(a)(iv) 10,051 7,903
Deferred tax assets C8.1 4,315 2,819
Current tax recoverable C8.2 440 477
Accrued investment income C1 3,153 2,751
Other debtors C1 3,019 1,955
Investment properties C14 14,646 13,422
Investment in joint ventures and associates accounted for using the equity method D6 1,273 1,034
Loans C3.3 15,173 12,958
Equity securities and portfolio holdings in unit trusts   198,552 157,453
Debt securities C3.2 170,458 147,671
Derivative assets C3.4 3,936 2,958
Other investments   5,465 4,395
Deposits   12,185 12,088
Assets held for sale D1 4,589 2
Cash and cash equivalents   10,065 7,782
Total assets C1 470,498 386,985
       
Equity      
Shareholders’ equity   14,666 12,955
Non-controlling interests   1 1
Total equity   14,667 12,956
       
Liabilities      
Insurance contract liabilities C4.1 316,436 260,753
Investment contract liabilities with discretionary participation features C4.1 52,837 42,959
Investment contract liabilities without discretionary participation features C4.1 19,723 18,806
Unallocated surplus of with-profits funds C4.1 14,317 13,096
Core structural borrowings of shareholder-financed operations C6.1 6,798 5,011
Operational borrowings attributable to shareholder-financed operations C6.2 2,317 1,960
Borrowings attributable to with-profits operations C6.2 1,349 1,332
Obligations under funding, securities lending and sale and repurchase agreements   5,031 3,765
Net asset value attributable to unit holders of consolidated unit trusts and similar funds   8,687 7,873
Deferred tax liabilities C8.1 5,370 4,010
Current tax liabilities C8.2 649 325
Accruals, deferred income and other liabilities   13,825 10,416
Provisions C11 947 604
Derivative liabilities C3.4 3,252 3,119
Liabilities held for sale D1 4,293
Total liabilities C1 455,831 374,029
       
Total equity and liabilities   470,498 386,985

The consolidated financial statements were approved by the Board of Directors on 13 March 2017. They were signed on its behalf:

Paul Manduca
Chairman

Mike Wells
Group Chief Executive

Nic Nicandrou
Chief Financial Officer

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