REG - Legal & General Grp - L&G FY 2014 results part 2 <Origin Href="QuoteRef">LGEN.L</Origin> - Part 6

Legal & GeneralAnnouncement

04/03/2015 07:12

- Part 6: For the preceding part double click  ID:nRSD4568Ge 

                                £m        £m        £m       
                                                                                                    
                                                                                                  
 Investment return                                             32,221    13        32,234   
 Finance costs                                                 (163)     (3)       (166)    
 Profit for the year                                           896       10        906      
                                                                                            
                                               
 Attributable to:                                                                           
 Non-controlling interests                                     3         10        13       
 Equity holders of the Company                                 893       -         893      
                                                                                                
                                                                                   
 Consolidated Balance Sheet                                                                 
                                                                                                  
                                                                                            
 Assets                                                                                     
 Investment property                                           6,060     317       6,377    
 Financial investments                                         331,802   2,738     334,540  
 Other assets                                                  2,115     6         2,121    
 Cash and cash equivalents                                     17,407    47        17,454   
 Shareholders' equity                                                                       
 Non-controlling interests                                     58        207       265      
 Liabilities                                                                                
 Operational borrowings                                        704       71        775      
 Payables and other financial liabilities                      8,931     374       9,305    
 Other liabilities                                             1,032     13        1,045    
 Net asset value attributable to unit holders                  8,375     2,443     10,818   
 
 
                                                             
 Consolidated Cash Flow Statement                                    
                                                                           
                                                                     
 Net cash flows from operating activities        1,332   37  1,369   
 Cash and cash equivalents at 1 January          16,652  10  16,662  
 Cash and cash equivalents at 31 December        17,407  47  17,454  
                                                                           
 
 
Key technical terms and definitions 
 
 The report refers to various key performance indicators, accounting standards and other technical terms. A comprehensive list of these definitions is contained within the glossary of the Group's 2014 Annual Report and Accounts. Assets and premium flows                                                                                                                          55 3.01 Legal & General investment management assets  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                        Active                                                                  
                                                                                                                                                                                                                                                                                                                                                                                                                                                Index   fixed   Solu-              Active    Total   Overlay  Advisory  Total   
 For the year ended                                                                                                                                                                                                                                                                                                                                                                                                                             funds   income  tions1   Property  equities  AUM     assets2  assets    assets  
 31 December 2014                                                                                                                                                                                                                                                                                                                                                                                                                               £bn     £bn     £bn      £bn       £bn       £bn     £bn      £bn       £bn     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 As at 1 January 2014                                                                                                                                                                                                                                                                                                                                                                                                                           269.8   89.4    70.4     11.3      8.6       449.5   162.1    -         611.6   
 Acquisition of GIA assets                                                                                                                                                                                                                                                                                                                                                                                                                   -  -       -       -        -         -         -       13.4     13.4      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 External inflows                                                                                                                                                                                                                                                                                                                                                                                                                               22.8    5.5     7.6      1.4       0.1       37.4                       37.4    
 External outflows                                                                                                                                                                                                                                                                                                                                                                                                                              (39.1)  (3.8)   (6.6)    (0.5)     (0.1)     (50.1)                     (50.1)  
 Overlay / advisory net flows                                                                                                                                                                                                                                                                                                                                                                                                                -  -       -       -        -         -         18.8    (0.2)    18.6      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 External net flows3                                                                                                                                                                                                                                                                                                                                                                                                                            (16.3)  1.7     1.0      0.9       -         (12.7)  18.8     (0.2)     5.9     
 Internal net flows                                                                                                                                                                                                                                                                                                                                                                                                                             0.3     (0.5)   1.3      0.7       (0.1)     1.7     -        -         1.7     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 Total net flows                                                                                                                                                                                                                                                                                                                                                                                                                                (16.0)  1.2     2.3      1.6       (0.1)     (11.0)  18.8     (0.2)     7.6     
 Cash management movements4                                                                                                                                                                                                                                                                                                                                                                                                                     -       (1.6)   -        -         -         (1.6)   -        -         (1.6)   
 Market and other movements3                                                                                                                                                                                                                                                                                                                                                                                                                    21.0    14.8    26.0     0.7       (0.3)     62.2    13.7     1.6       77.5    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 As at 31 December 2014                                                                                                                                                                                                                                                                                                                                                                                                                         274.8   103.8   98.7     13.6      8.2       499.1   194.6    14.8      708.5   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 Assets attributable to:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 External