QBE Syndicate 2999 Annual Report and Accounts 2009
QBE Syndicate 2999 Annual Report and Accounts 2009
QBE Syndicate 2999 Annual Report and Accounts 2009
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Balance sheet<br />
As at 31 December <strong>2009</strong><br />
<strong>2009</strong> 2008<br />
Assets Notes £000 £000<br />
Investments<br />
Other financial investments 9 1,288,089 1,414,383<br />
Reinsurers’ share of technical provisions<br />
Provision for unearned premiums 56,365 37,226<br />
Claims outst<strong>and</strong>ing 641,811 743,313<br />
698,176 780,539<br />
Debtors<br />
Debtors arising out of direct insurance operations 11 357,553 367,450<br />
Debtors arising out of reinsurance operations 11 269,424 242,249<br />
Other debtors 1,377 875<br />
628,354 610,574<br />
Other assets<br />
Cash at bank 21,794 10,136<br />
Overseas deposits 12 86,635 69,768<br />
108,429 79,904<br />
Prepayments <strong>and</strong> accrued income<br />
Accrued interest 3,626 15,287<br />
Other prepayments <strong>and</strong> accrued income 80 89<br />
Deferred acquisition costs 80,385 71,618<br />
84,091 86,994<br />
Total assets 2,807,139 2,972,394<br />
The notes set out on pages 28 to 41 form an integral part of these financial statements.<br />
25<br />
<strong>QBE</strong> <strong>Syndicate</strong> <strong>2999</strong><br />
<strong>Annual</strong> report <strong>2009</strong>
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