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22. LIFE ASSURANCE FUND LIABILITIES AND INVESTMENT ASSETS
GROUP
2017
$ million
Life assurance fund liabilities
Movements in life assurance fund
At 1 January
Currency translation
Fair value reserve movements
Disposal of subsidiary
Change in life assurance fund contract liabilities (Note 4)
At 31 December
Policy benefits
Others
Life assurance fund investment assets
Deposits with banks and financial institutions
Loans
Securities
Investment property
Others (1)
Life assurance fund balances included under the following balance sheet items:
Liabilities
Current tax
Deferred tax
Assets
Cash and placements with central banks
Placements with and loans to banks
Property, plant and equipment
The following contracts were entered into under the life assurance fund:
Operating lease commitments
Capital commitment authorised and contracted
Derivative financial instruments (principal notional amount)
Derivative receivables
Derivative payables
Minimum lease rental receivables under non-cancellable operating leases
(1)

(2)
2016
$ million
54,881.1
498.3
1,656.8
–
8,107.7
65,143.9
3,742.8
4,868.5
73,755.2 50,478.1
(427.2)
176.6
(3.5)
4,657.1
54,881.1
3,319.5
3,760.6
61,961.2
3,350.1
3,601.2
63,847.3
1,553.0
1,575.8
73,927.4 2,097.4
3,750.1
53,124.6
1,539.0
1,461.2
61,972.3
286.8
1,310.8 268.7
1,002.9
#
848.1
577.3 #
669.8
590.6
13.6
195.2
15,717.4
237.8
366.0
67.8 14.6
225.0
12,478.1
78.4
732.9
73.1
Others mainly comprise interest receivable, deposits collected, prepayments, investment debtors and sundry debtors.
# represents amounts less than $0.5 million.
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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