|
| |
2006 |
|
2005 |
a |
| |
£m |
|
£m |
|
|
|
| Non
current assets |
|
|
|
|
| Available-for-sale |
9 |
|
7 |
|
| Loans
and receivables |
8 |
|
6 |
|
|
|
| |
17 |
|
13 |
|
|
|
| Current
assets |
|
|
|
|
| Available-for-sale |
2 |
|
1,149 |
|
| Held
for trading |
348 |
|
339 |
|
| Loans
and receivables |
15 |
|
2,003 |
|
|
|
| |
365 |
|
3,491 |
|
|
|
|
|
| a |
The
group adopted IAS 32 and IAS 39 from 1 April 2005. The comparative
period has applied the group’s previous accounting policies
in calculating the recognition and measurement basis for investments,
with the exception of adjustments relating to derivatives
which are now reclassified as derivative financial instruments
(see accounting policies). |
| |
2006 |
|
2005 |
a |
| |
£m |
|
£m |
|
|
|
|
Available-for-sale
|
|
|
|
|
|
At
1 April
|
1,156 |
|
1,376 |
|
|
Additions
|
195 |
|
219 |
|
|
Transfer
from associates and joint ventures
|
86 |
|
– |
|
|
Revaluation
surplus transfer to equity
|
35 |
|
– |
|
|
Disposals
|
(1,461 |
) |
(439 |
) |
|
|
|
At
31 March
|
11 |
|
1,156 |
|
|
|
|
Less:
Non-current available-for-sale assets
|
9 |
|
7 |
|
|
|
|
Current
available-for-sale assets
|
2 |
|
1,149 |
|
|
|
a
|
The group
adopted IAS 32 and IAS 39 from 1 April 2005. The comparative
period has applied the group’s previous accounting policies
in calculating the recognition and measurement basis for investments,
with the exception of adjustments relating to derivatives
which are now reclassified as derivative financial instruments
(see accounting policies). |
Available-for-sale financial assets consist mainly of listed corporate debt securities and notes denominated in sterling.
| |
2006 |
|
2005 |
a |
| |
£m |
|
£m |
|
|
|
|
Held
for trading
|
|
|
|
|
|
US
Government debt securities
|
51 |
|
46 |
|
|
US
Corporate debt securities
|
297 |
|
293 |
|
|
|
|
|
348 |
|
339 |
|
|
|
|
a
|
The group
adopted IAS 32 and IAS 39 from 1 April 2005. The comparative
period has applied the group’s previous accounting policies
in calculating the recognition and measurement basis for investments,
with the exception of adjustments relating to derivatives
which are now reclassified as derivative financial instruments
(see accounting policies). |
The investments included above represent listed short term debt securities with quoted market prices. The group has not designated any financial assets that are not classified as held for trading as financial assets at fair value through the income statement.
Loans and receivables
Loans and receivable financial
assets mainly consist of term deposits and other fixed term debt securities denominated
in sterling with a fixed coupon and options for early redemption.
|
