Notes to the consolidated financial statements
- « 26 Tangible fixed assets
- 27 Other assets
- 28 Deposits from banks »
27 Other assets
|
2008 |
2007 |
|
|---|---|---|
|
Assets arising from reinsurance contracts held (note 32) |
385 |
350 |
|
Deferred acquisition costs |
196 |
212 |
|
Settlement balances |
751 |
205 |
|
Other assets and prepayments |
4,524 |
4,296 |
|
5,856 |
5,063 |
At 31 December 2008 £1,833 million (2007: £1,781 million) of other assets had a contractual residual maturity of greater than one year.
Deferred acquisition costs:
|
2008 |
2007 |
|
|---|---|---|
|
At 1 January |
212 |
443 |
|
Acquisition costs deferred, net of amounts amortised to the income statement |
(16) |
(22) |
|
Disposal of businesses and other adjustments |
– |
(209) |
|
At 31 December |
196 |
212 |