Balance sheet of the company
AT 31 MARCH 1996
Notes 1996
£m		 1995
£m
Fixed assets
Tangible assets 12 14,313 13,918
Investments 13 5,825 5,495
Total fixed assets 20,138 19,413

Current assets
Stocks
180 225
3,098 3,031
1,983 520
- 1
5,261 3,777

607 710
5,818 5,773
6,425 6,483
Debtors 14
Investments 15
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one year
Loans and other borrowings 16
Other creditors 17
Total creditors: amounts falling due within one year
Net current liabilities (1,164) (2,706)
Total assets less current liabilities 18,974 16,707

Creditors: amounts falling due after more than one year
Loans and other borrowings 16 3,876 3,376

Provisions for liabilities and charges 18 1,050 717

Capital and reserves
Called up share capital 19
1,573 1,559
531 415
750 750
11,194 9,890
Share premium account 20
Capital redemption reserve 20
Profit and loss account 20
Total shareholders’ funds 21 14,048 12,614
18,974 16,707
Debtors include amounts receivable after more than one year of £119m (1995 - £287m).

The financial statements on pages 30 to 55 [of the printed report] were approved by the board of directors on 21 May 1996 and were signed on its behalf by

Sir Iain Vallance Chairman
Sir Peter Bonfield CBE Chief Executive
R P Brace Group Finance Director

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