|
Group
balance sheet
as
at 31 March 2004
| |
|
|
2004 |
|
2003 |
|
| |
Notes |
|
£m |
|
£m |
|
|
|
| Fixed assets |
|
|
|
|
|
|
| Intangible assets |
20 |
|
204 |
|
218 |
|
| Tangible assets |
21 |
|
15,487 |
|
15,888 |
|
| Investments in joint ventures: |
22 |
|
|
|
|
|
| Share
of gross assets and goodwill |
|
|
496 |
|
741 |
|
| Share
of gross liabilities |
|
|
(399 |
) |
(610 |
) |
|
|
|
|
|
|
|
| Total investments in joint ventures |
|
|
97 |
|
131 |
|
| Investments in associates |
22 |
|
24 |
|
27 |
|
| Other investments |
22 |
|
256 |
|
397 |
|
| Total investments |
22 |
|
377 |
|
555 |
|
|
|
|
|
|
|
|
| Total fixed assets |
|
|
16,068 |
|
16,661 |
|
| |
|
|
|
|
|
|
| Current assets |
|
|
|
|
|
|
| Stocks |
|
|
89 |
|
82 |
|
| Debtors: |
|
|
|
|
|
|
| Falling
due within one year |
|
|
4,017 |
|
4,413 |
|
| Falling
due after more than one year |
|
|
1,172 |
|
630 |
|
|
|
|
|
|
|
|
| Total debtors |
23 |
|
5,189 |
|
5,043 |
|
| Investments |
24 |
|
5,163 |
|
6,340 |
|
| Cash at bank and in hand |
|
|
109 |
|
91 |
|
|
|
|
|
|
|
|
| Total current assets |
|
|
10,550 |
|
11,556 |
|
|
|
|
|
|
|
|
| Creditors: amounts falling due
within one year |
|
|
|
|
|
|
| Loans and other borrowings |
25 |
|
1,271 |
|
2,548 |
|
| Other creditors |
26 |
|
7,277 |
|
7,132 |
|
|
|
|
|
|
|
|
| Total creditors: amounts falling
due within one year |
|
|
8,548 |
|
9,680 |
|
|
|
|
|
|
|
|
| Net current assets |
|
|
2,002 |
|
1,876 |
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
18,070 |
|
18,537 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Creditors: amounts falling due
after more than one year |
|
|
|
|
|
|
| Loans and other borrowings |
25 |
|
12,426 |
|
13,456 |
|
| Provisions for liabilities and
charges |
|
|
|
|
|
|
| Deferred taxation |
27 |
|
2,191 |
|
2,017 |
|
| Other |
27 |
|
313 |
|
359 |
|
| Total provisions for liabilities
and charges |
|
|
2,504 |
|
2,376 |
|
| Minority interests |
|
|
46 |
|
63 |
|
| |
|
|
|
|
|
|
| Capital and reserves |
|
|
|
|
|
|
| Called up share capital |
28, 37 |
|
432 |
|
434 |
|
| Share premium account |
28 |
|
2 |
|
2 |
|
| Capital redemption reserve |
28 |
|
2 |
|
– |
|
| Other reserves |
28 |
|
998 |
|
998 |
|
| Profit and loss account |
28 |
|
1,660 |
|
1,208 |
|
| Total equity shareholders’
funds |
28 |
|
3,094 |
|
2,642 |
|
|
|
|
|
|
|
|
| |
|
|
18,070 |
|
18,537 |
|
|
|
|
|
|
|
|
The financial statements were approved
by the board of directors on 19 May 2004 and were signed on its
behalf by
Sir Christopher Bland
Chairman
Ben Verwaayen
Chief Executive
Ian Livingston
Group Finance Director
|
