Menu Links
All figures in £ millions | Notes | 2007 | 2006 |
---|---|---|---|
Assets | |||
Non-current assets | |||
Investments in subsidiaries | 2 | 6,650 | 7,103 |
Amounts due from subsidiaries | 73 | 460 | |
Financial assets – Derivative financial instruments | 6 | 23 | 36 |
Other financial assets | 1 | 1 | |
6,747 | 7,600 | ||
Current assets | |||
Amounts due from subsidiaries | 2,040 | 1,372 | |
Current income tax assets | 42 | 73 | |
Cash and cash equivalents (excluding overdrafts) | 4 | 61 | 153 |
Financial assets – Derivative financial instruments | 6 | 28 | 50 |
Other assets | – | 1 | |
Total assets | 8,918 | 9,249 | |
Liabilities | |||
Non-current liabilities | |||
Financial liabilities – Borrowings | 5 | (658) | (761) |
Financial liabilities – Derivative financial instruments | 6 | (16) | (19) |
Amounts due to subsidiaries | (425) | (519) | |
(1,099) | (1,299) | ||
Current liabilities | |||
Other liabilities | – | (17) | |
Financial liabilities – Borrowings | 5 | (749) | (784) |
Amounts due to subsidiaries | (3,401) | (3,194) | |
Total liabilities | (5,249) | (5,294) | |
Net assets | 3,669 | 3,955 | |
Equity | |||
Share capital | 7 | 202 | 202 |
Share premium | 7 | 2,499 | 2,487 |
Treasury shares | 8 | (82) | (65) |
Other reserves | 9 | 447 | 447 |
Retained earnings | 9 | 603 | 884 |
Total equity attributable to equity holders of the Company | 3,669 | 3,955 |
These financial statements have been approved for issue by the board of directors on 13 March 2008 and signed on its behalf by
Robin Freestone, Chief financial officer