Printable Logo
Expect More
 

Consolidated Balance Sheet

At 31 December 2008

  Notes
2008
£m
2007
£m
Assets      
Non-current assets      
Goodwill 11 367 280
Other intangible assets 11 153 136
Property, plant and equipment 12 1,797 1,462
Investments in joint ventures 13 119 100
Other receivables and investments 14 23 22
Deferred tax assets 5 52 56
    2,511 2,056
Current assets      
Inventories 15 718 552
Trade and other receivables 16 645 571
Current tax assets 5 17 2
Derivative financial instruments 20 62 25
Cash and cash equivalents 18 114 282
    1,556 1,432
Total assets   4,067 3,488
Liabilities      
Current liabilities      
Borrowings 18 (97) (92)
Derivative financial instruments 20 (190) (30)
Trade and other payables 17 (972) (837)
Current tax liabilities 5 (115) (104)
Provisions 21 (49) (45)
    (1,423) (1,108)
Non-current liabilities      
Borrowings 18 (725) (696)
Derivative financial instruments 20 (2)
Deferred tax liabilities 5 (63) (75)
Trade and other payables 17 (38) (31)
Provisions 21 (54) (51)
Post-employment obligations 26 (834) (331)
    (1,716) (1,184)
Total liabilities   (3,139) (2,292)
Net assets   928 1196
Shareholders’ equity      
Ordinary share capital 22 372 372
Share premium account   29 29
Retained earnings   290 834
Other reserves   214 (58)
  23 905 1,177
Minority interests — equity 23 23 19
Total equity   928 1,196

The financial statements were approved by the Board of Directors an authorised for issue on 25 February 2009. They were signed on its behalf by:

Sir Kevin Smith, William C Seeger — Directors

Back to Top