Annual Report 2021
Financial statements
6.4.2
Segmented balance sheet
Segmented balance sheet
As at 31 December 2021Non-lifeLifeAsset ManagementDistribution and ServicesHolding and OtherEliminationsTotal
Intangible assets9612535172--428
Property, plant and equipment-512-12249-216556
Investment property2851,768----2,052
Associates and joint ventures at equity method-23-969-102
Investments7,57825,398--3,881-3,30833,550
Investments on behalf of policyholders-11,574----11,574
Investments related to investment contracts-1,952----1,952
Loans and receivables1,55713,8421845134-33615,259
Derivatives1246,088----6,212
Deferred tax assets-22--58-80-
Reinsurance contracts263154----417
Other assets13741224-565-2631
Cash and cash equivalents1092,005834862-2,306
Total assets10,15063,8741602804,517-3,94275,040
Equity attributable to holders of equity instruments2,4205,876141164-1,122-1127,366
Non-controlling interests315----18
Total equity2,4235,891141164-1,121-1127,385
Subordinated liabilities45---992-45992
Liabilities arising from insurance contracts7,05133,621----2,87437,797
Liabilities arising from insurance contracts on behalf of policyholders-14,566----14,566
Liabilities arising from investment contracts-1,952----1,952
Employee benefits----4,013-4,013
Provisions114--9-24
Borrowings-175-47433-463192
Derivatives64695--1-759
Deferred tax liabilities174-59--11969
Due to customers99746-24--296573
Due to banks885,549--105-5,741
Other liabilities206666143686-32976
Total liabilities7,72757,983191165,639-3,83067,655
Total equity and liabilities10,15063,8741602804,517-3,94275,040
Additions to
Intangible assets-712823--122
Property, plant and equipment-370-314-387
Total additions-440282714-508
Segmented balance sheet
As at 31 December 2020Non-lifeLifeAsset ManagementDistribution and ServicesHolding and OtherEliminationsTotal
Intangible assets115658158--345
Property, plant and equipment-156-11287-256198
Investment property2741,699----1,973
Associates and joint ventures at equity method-23-374-101
Investments7,48828,713--3,711-3,31436,599
Investments on behalf of policyholders-10,154----10,154
Investments related to investment contracts-------
Loans and receivables1,03413,5101933104-33014,370
Derivatives2218,947----9,168
Deferred tax assets-131--132-86177
Reinsurance contracts325158----483
Other assets14551415-147-1720
Cash and cash equivalents1402,3927850186-2,846
Assets held for sale--18---18
Total assets9,74266,4631372554,541-3,98777,151
Equity attributable to holders of equity instruments2,1705,379116170-1,396-1256,313
Non-controlling interests-------
Total equity2,1705,379116170-1,396-1256,313
Subordinated liabilities36---991-36991
Liabilities arising from insurance contracts6,84537,505----2,89041,460
Liabilities arising from insurance contracts on behalf of policyholders-13,137----13,137
Liabilities arising from investment contracts-------
Employee benefits----4,253-4,253
Provisions13--19-24
Borrowings-29521521-52254
Derivatives661,354----1,419
Deferred tax liabilities113-47--123-
Due to customers89711-25--272553
Due to banks1687,723--105-7,996
Other liabilities255623123248-19951
Total liabilities7,57261,08521855,937-3,86270,838
Total equity and liabilities9,74266,4631372554,541-3,98777,151
Additions to
Intangible assets109-8--26
Property, plant and equipment---213-15
Total additions109-1013-41