30 January 2011
| |
Note |
2011
£m |
2010
£m |
| Fixed assets |
|
|
| Tangible assets |
34 |
3,086 |
2,975 |
| Derivative financial assets |
35 |
3 |
– |
| Investments |
36 |
3,366 |
3,366 |
| |
|
6,455 |
6,341 |
| Current assets |
|
|
|
| Stocks – goods for resale |
|
400 |
350 |
| Derivative financial assets |
35 |
4 |
– |
| Debtors – amounts falling due within one year |
37 |
514 |
395 |
| Cash-in-hand |
|
69 |
151 |
| |
|
987 |
896 |
| Creditors – amounts falling due within one year |
38 |
(3,032) |
(2,766) |
| |
|
|
|
| Net current liabilities |
|
(2,045) |
(1,870) |
| |
|
|
|
| Total assets less current liabilities |
|
4,410 |
4,471 |
| |
|
|
|
| Creditors – amounts falling due after more than one year |
39 |
(475) |
(455) |
| |
|
|
|
| Provisions for liabilities |
40 |
(96) |
(90) |
| |
|
|
|
| Net assets – excluding pension asset |
|
3,839 |
3,926 |
| Net pension asset |
41 |
12 |
16 |
| Net
assets – including pension asset |
|
3,851 |
3,942 |
| |
|
|
|
| Capital and reserves |
|
|
|
| Called-up share capital |
43 |
266 |
265 |
| Share premium |
44 |
107 |
92 |
| Capital redemption reserve |
44 |
6 |
6 |
| Merger reserve |
44 |
2,578 |
2,578 |
| Profit and loss account and hedging reserve |
44 |
894 |
1,001 |
| Equity shareholders' funds |
|
3,851 |
3,942 |
The accounting policies here and notes here form part of these financial statements.
The financial statements were approved by the Board of Directors on 9 March 2011 and signed on its behalf by:
Dalton Philips
Chief Executive
Richard Pennycook
Group Finance Director
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