Page 126
Index to Group financial statements
Primary statements
127
Consolidated income statement
128
Consolidated statement of changes in equity
130
Consolidated balance sheet
132
Consolidated cash flow statement
Notes on the Group financial statements
Section A: Background
133
A1: Nature of operations
133
A2: Basis of preparation
133
A3: Critical accounting policies, estimates and judgements
139
A4: Significant accounting policies
150
A5: New accounting pronouncements
Section B: Summary of results
152
B1: Supplementary analysis of profit from continuing operations before tax attributable to shareholders
154
B2: Earnings per share
155
B3: Dividends
156
B4: Exchange translation
156
B5: New business
159
B6: Group balance sheet
164
B7: Internal funds under management
Section C: Group risk management
165
C: Group risk management
Section D: Life assurance businesses
169
D1: Group overview
177
D2: UK insurance operations
189
D3: US insurance operations
204
D4: Asian insurance operations
212
D5: Capital position statement for life assurance businesses
Section E: Asset management (including US broker dealer) and other operations
222
E1: Income statement for asset management operations
223
E2: Balance sheet for asset management operations
224
E3: Regulatory capital positions
224
E4: Sensitivity of profit and equity to market and other financial risk
224
E5: Other operations
Section F: Income statement notes
225
F1: Segmental information
226
F2: Revenue
227
F3: Acquisition costs and other operating expenditure
227
F4: Finance costs: Interest on core structural borrowings of shareholder-financed operations
227
F5: Tax
Section G: Financial assets and liabilities
233
G1: Financial instruments – designation and fair values
237
G2: Market risk
242
G3: Derivatives and hedging
245
G4: Derecognition, securitisation and collateral
245
G5: Impairment of financial assets
Section H: Other information on balance sheet items
246
H1: Intangible assets attributable to shareholders
248
H2: Intangible assets attributable to the PAC with-profits fund
249
H3: Reinsurers’ share of insurance contract liabilities
249
H4: Tax assets and liabilities
251
H5: Accrued investment income and other debtors
252
H6: Property, plant and equipment
253
H7: Investment properties
255
H8: Investments in associates and joint ventures
257
H9: Assets and liabilities held for sale
257
H10: Cash and cash equivalents
257
H11: Shareholders’ equity: Share capital, share premium and reserves
259
H12: Insurance contract liabilities and unallocated surplus of with-profits funds
259
H13: Borrowings
262
H14: Provisions and contingencies
266
H15: Other liabilities
Section I: Other notes
267
I1: Staff and pension plans
276
I2: Share-based payments
280
I3: Key management remuneration
280
I4: Fees payable to auditor
281
I5: Related party transactions
281
I6: Subsidiary undertakings
284
I7: Commitments
284
I8: Cash flows
Section J: Discontinued banking operations
285
J1: Income statement for discontinued banking operations
286
J2: Balance sheet for discontinued banking operations
286
J3: Risk management overview
286
J4: Maturities of assets and liabilities and liquidity risk
287
J5: Losses on loans and advances
288
J6: Market risk
288
J7: Credit risk
289
J8: Capital position
Parent company
290
Balance sheet of the parent company
291
Notes on the parent company financial statements
300
Statement of directors’ responsibilities in respect of the Annual Report and the financial statements
301
Independent auditor’s report to the members of Prudential plc
European Embedded Value (EEV) basis supplementary information
302
Operating profit from continuing operations based on longer-term investment returns
303
Summarised consolidated income statement – EEV basis
303
Earnings per share – EEV basis
303
Dividends per share
304
Movement in shareholders’ equity (excluding minority interests) – EEV basis
305
Summarised consolidated balance sheet – EEV basis
306
Notes on the EEV basis supplementary information
333
Statement of directors’ responsibilities in respect of the European Embedded Value (EEV) basis supplementary information
334
Independent auditor’s report to Prudential plc on the European Embedded Value (EEV) basis supplementary information
