Company Balance Sheet
at 31 December 2004
| £m | |||
| Notes | At 31 December 2004 |
At 31 December 2003 (Restated)* |
|
| Fixed assets | |||
| Investments | |||
| Shares in Group undertakings | 40 |
731 |
722 |
| Loans due from Group undertakings | 40 |
2,290 |
2,014 |
| Shares in associated companies | 16 |
15 |
|
| Shares and other variable yield securities | 45 |
23 |
|
| Deposits with credit institutions | 135 |
45 |
|
3,217 |
2,819 |
||
| Current assets | |||
| Debtors | |||
| Other debtors | 2 |
– |
|
| Amounts owed by Group undertakings | 1 |
5 |
|
| Other prepayments and accrued income | 4 |
4 |
|
| Cash at bank and in hand | 11 |
12 |
|
18 |
21 |
||
| Creditors: amounts falling due within one year | |||
| Amounts owed to credit institutions | 34 |
5 |
28 |
| Amounts owed to Group undertakings | 1,332 |
1,169 |
|
| Other creditors including tax and social security | 27 |
52 |
|
| Accruals and deferred income | 10 |
11 |
|
| Dividends payable | 4 |
56 |
49 |
1,430 |
1,309 |
||
| Net current liabilities | 1,412 |
1,288 |
|
| Total assets less current liabilities | 1,805 |
1,531 |
|
| Creditors: amounts falling due after one year | |||
| Amounts owed to credit institutions | 34 |
402 |
295 |
| Provisions for liabilities and charges | 32(b) |
21 |
26 |
| Net assets | 1,382 |
1,210 |
|
| Capital and reserves | |||
| Called up share capital | 27 |
386 |
384 |
| Share premium account | 27 |
600 |
587 |
| Profit and loss account | 28 |
396 |
239 |
| Equity shareholders’ funds | 1,382 |
1,210 |
* Comparative figures have been restated to reflect the adoption of Urgent Issues Taskforce Abstract 38 “Accounting for ESOP Trusts” as described in note 1.
These financial statements have been approved by the Board and signed on its behalf by:
Julian V F Roberts
Group Finance Director
28 February 2005
