Reasons Why Who Owns General Accident Is Getting More Popular In The Past Decade | Who Owns General Accident

 

 

Preliminary Advertisement of after-effects for the year concluded 31 December 2017

 

These after-effects are appear for the account of alternative shareholders of General Accident plc ("the Company") for the year concluded 31 December 2017.  The alternative shares accept remained listed on the London Stock Exchange afterward the alliance of the Aggregation with Commercial Union plc, in June 1998 to anatomy CGU plc ("CGU"), and the consecutive alliance of CGU with Norwich Union plc in May 2000 to anatomy Aviva plc (formerly CGNU plc).

 

The Aggregation transferred its absorption in its subsidiaries to its ancestor company, Aviva plc ("Aviva") in 2005, in acknowledgment for an inter-company accommodation with Aviva. The assets of the Aggregation for the year concluded 31 December 2017 consists of absorption accustomed on this loan.  The arch risks and uncertainties adverse the Aggregation for the butt of the year are (1) acclaim risk, as the net asset amount of the Company's banking assets is apparent to the abeyant absence on the loans and abbreviate appellation receivables due from its parent, Aviva plc, and (2) absorption amount risk, as the net asset amount of the Company's banking assets is apparent to abeyant fluctuations in absorption rates. Exposure to both acclaim and absorption amount accident is managed through the ecology of several accident measures.

 

The Aggregation is allotment of the Aviva accumulation and Aviva owns 100% of the Company's accustomed issued allotment capital.  In this ambience the Board has acclaimed that in Aviva's 2017 after-effects advertisement on 8 March Aviva brash that it was targeting added than £500 actor in added basic returns, accumulation accountability administration and allotment to shareholders. In this regard, Aviva additionally acclaimed the adeptness to abolish the alternative shares at par amount (plus accrued interest, arrears and in the case of the alternative shares issued by General Accident plc, affair premium) through a abridgement of capital, accountable to actor vote and cloister approval and that the alternative shares backpack aerial coupons that are not tax-deductible and they will not calculation as authoritative basic from 2026.  As the Aggregation and Aviva appraise alternatives, one of the things we are because is how to antithesis the interests of accustomed and adopted shareholders.  

 

Summarised assets statement

Audited

Audited

 

results

results

 

12 months to

12 months to

 

31 December

31 December

Statutory results

2017

2016

 

£m

£m

 

 

 

Investment income

138

160

 

 

Total income

138

160

 

 

 

Profit on accustomed activities afore tax

138

160

Tax on accumulation on accustomed activities

-

(32)

Profit for the year

138

128

Basic balance per allotment (pence)

0.61

0.56

 

 

Summarised account of banking position

 

Audited

 

Audited 

31 December

31 December

2017

2016

£m

£m

 

 

 

Total assets

13,973

13,980

 

 

 

Equity attributable to accustomed shareholders

13,691

13,664

Preference allotment capital

250

250

 

 

 

Total equity

13,941

13,914

 

 

 

Liabilities

32

66

Total disinterestedness and liabilities

13,973

13,980

 

 

Statement of changes in equity

Audited

results

12 months to

31 December

2017

£m

 

Total disinterestedness at 1 January 2017

                13,914

 

 

Profit for the year

138

Other absolute income

 

-

 

Total absolute assets for the year

 

 

138

 

 

 

Dividends

 

(111)

 

 

 

Total disinterestedness at 31 December 2017

 

13,941

 

 

Summarised account of banknote flows as at 31 December 2017

 

No account of banknote flows is presented as all balances would be nil (2016: nil). All the Company's banknote requirements are met by adolescent Accumulation companies.

Basis of preparation

 

The basic advertisement for the year concluded 31 December 2017 was accustomed by the Board of Directors on 7 March 2018. The basic advertisement for the year concluded 31 December 2017 is able on the base of the accounting behavior set out in the anniversary accounts. Audited accustomed accounts, calm with the auditor's address thereon, will be filed with the Registrar of Companies back accustomed and published.

 

The Company's Anniversary Address and Accounts for 2016 accept been filed with the Registrar of Companies. The after-effects for the year concluded 31 December 2016 and 2017 were audited by PricewaterhouseCoopers LLP. The auditor's address was amateur and did not accommodate a account beneath area 498(2) or area 498(3) of the Companies Act 2006.

 

The audited anniversary letters and accounts of both the Aggregation and of Aviva plc for the year concluded 31 December 2017, already published, will be accessible on appliance to the Accumulation General Counsel and Aggregation Secretary, Aviva plc, St Helen's, 1 Undershaft, London, EC3P 3DQ. Copies will be fabricated accessible on the Aviva plc website already appear at http://www.aviva.com/investor-relations/reports/.

 

Enquiries: Chris Esson, Investor Relations Director, Aviva plc     020 7662 8115

Reasons Why Who Owns General Accident Is Getting More Popular In The Past Decade | Who Owns General Accident - who owns general accident | Encouraged to help our blog, in this particular time I will explain to you about keyword. And from now on, here is the 1st picture:
Why not consider graphic over? is which remarkable???. if you think maybe and so, I'l m provide you with many impression all over again below: So, if you want to receive the magnificent pics related to (Reasons Why Who Owns General Accident Is Getting More Popular In The Past Decade | Who Owns General Accident), press save link to save the images to your pc. These are ready for down load, if you want and wish to take it, simply click save logo on the page, and it will be directly downloaded to your notebook computer.} As a final point if you desire to receive new and the latest picture related with (Reasons Why Who Owns General Accident Is Getting More Popular In The Past Decade | Who Owns General Accident), please follow us on google plus or book mark the site, we attempt our best to present you regular up-date with fresh and new photos. Hope you love keeping right here. For some upgrades and recent information about (Reasons Why Who Owns General Accident Is Getting More Popular In The Past Decade | Who Owns General Accident) graphics, please kindly follow us on twitter, path, Instagram and google plus, or you mark this page on bookmark section, We try to offer you up grade regularly with fresh and new pictures, enjoy your surfing, and find the perfect for you. Thanks for visiting our website, articleabove (Reasons Why Who Owns General Accident Is Getting More Popular In The Past Decade | Who Owns General Accident) published .  Nowadays we are delighted to announce that we have discovered a veryinteresting nicheto be discussed, namely (Reasons Why Who Owns General Accident Is Getting More Popular In The Past Decade | Who Owns General Accident) Many individuals looking for specifics of(Reasons Why Who Owns General Accident Is Getting More Popular In The Past Decade | Who Owns General Accident) and of course one of these is you, is not it?