| | Notes |
2004
£m |
2004
£m | 2003
£m | 2003
£m |
|---|
| Fixed assets | |
|
|
|
|
|---|
| Tangible assets |
14 |
|
3 |
|
3 |
|---|
| Investments in group undertakings |
16 |
|
3,157 |
|
3,159 |
|---|
| Investment in joint venture |
15 |
|
– |
|
84 |
|---|
| Other investments |
16 |
|
48 |
|
43 |
|---|
| | |
|
3,208 |
|
3,289 |
|---|
| Current assets | |
|
|
|
|
|---|
| Debtors |
|
|
|
|
|
|---|
| – due within one year |
18 |
4,738 |
|
4,896 |
|
|---|
| – due after more than one year |
18 |
154 |
4,892 |
13 |
4,909 |
|---|
| Investments |
19 |
|
– |
|
8 |
|---|
| Cash at bank and in hand | |
|
75 |
|
2 |
|---|
| | |
|
4,967 |
|
4,919 |
|---|
| Creditors | |
|
|
|
|
|---|
| Amounts due within one year |
20 |
|
(4,702) |
|
(4,441) |
|---|
| Net current assets | |
|
265 |
|
478 |
|---|
| Total assets less current liabilities | |
|
3,473 |
|
3,767 |
|---|
| Creditors – amounts due after more than one year |
21 |
|
(1,092) |
|
(1,452) |
|---|
| Provisions for liabilities and charges |
23 |
|
(25) |
|
(26) |
|---|
| Net assets | |
|
2,356 |
|
2,289 |
|---|
| Capital and reserves | |
|
|
|
|
|---|
| Called up share capital |
24 |
|
254 |
|
252 |
|---|
| Share premium account |
25 |
|
35 |
|
6 |
|---|
| Profit and loss account |
25 |
|
2,067 |
|
2,031 |
|---|
| Total equity shareholders’ funds | |
|
2,356 |
|
2,289 |
|---|
Approved by the Board
on 24 May 2004
John Peace Group Chief Executive
David Tyler Group Finance Director
|
