Page 83 - Suncorp_Review

Suncorp Group Limited Annual Report 2010/11 81

8.3 Life – Derivatives

LIFE

2011 2010 Notional Fair value Notional Fair value value Asset Liability value Asset Liability $m $m $m $m $m $m

Exchange rate-related contracts

Forward foreign exchange contracts 260 3 – 277 8 –

Interest rate-related contracts

Interest rate swaps 292 1 – 278 5 – Interest rate futures (123) – – (128) – – Interest rate options (19) – – 2 – – 150 1 – 152 5 –

Equity contracts

Equity futures 26 – – 43 – (3) Total derivative exposures – current 436 4 – 472 13 (3)

8.4 Life – Investment securities

LIFE

2011 2010 $m $m

Financial assets at fair value through proft or loss

Interest-bearing securities

Debentures and corporate bonds 1,783 2,142 Government and semi‑government securities 706 635 Discounted securities 59 63 2,548 2,840 Equity securities 1,339 1,358 Property trusts 292 282 Unit trusts 3,268 2,820 Other 73 64 Total investment securities – current 7,520 7,364

8.5 Life assets

CONSOLIDATED

2011 2010 $m $m

Financial assets designated at fair value through proft or loss

Gross policy liabilities ceded under reinsurance 339 327 Other receivables 103 143

Financial assets at amortised cost

Other receivables 211 163

Deferred insurance assets

Life deferred insurance assets 18 18 Total Life assets 671 651

Current 345 322 Non-current 326 329 Total Life assets 671 651