Company balance sheet
| Notes | 2008 £m |
2007 £m |
|
|---|---|---|---|
| Fixed assets | |||
| Investments | 2 | 4,276 | 3,707 |
| Current assets | |||
| Debtors (amounts falling due within one year) | 3 | 8,545 | 9,050 |
| Debtors (amounts falling due after more than one year) | 3 | 2,811 | 3 |
| Derivative financial instruments (amounts falling due within one year) | 5 | 341 | 119 |
| Derivative financial instruments (amounts falling due after more than one year) | 5 | 751 | 192 |
| Current asset investments | 787 | 1,030 | |
| 13,235 | 10,394 | ||
| Creditors (amounts falling due within one year) | |||
| Borrowings | 6 | (1,019) | (360) |
| Derivative financial instruments | 5 | (79) | (29) |
| Other creditors | (4,855) | (2,799) | |
| 4 | (5,953) | (3,188) | |
| Net current assets | 7,282 | 7,206 | |
| Total assets less current liabilities | 11,558 | 10,913 | |
| Creditors (amounts falling due after more than one year) | |||
| Borrowings | 6 | (4,460) | (4,524) |
| Derivative financial instruments | 5 | (179) | (54) |
| Amounts owed to subsidiary undertakings | (452) | – | |
| (5,091) | (4,578) | ||
| Net assets employed | 6,467 | 6,335 | |
| Capital and reserves | |||
| Called up share capital | 7 | 294 | 308 |
| Share premium account | 8 | 1,371 | 1,332 |
| Cash flow hedge reserve | 8 | 14 | 22 |
| Other equity reserves | 8 | 124 | 91 |
| Profit and loss account | 8 | 4,664 | 4,582 |
| Total shareholders’ funds | 9 | 6,467 | 6,335 |
Commitments and contingencies are shown in note 10 to the Company financial statements.
The notes form part of the individual financial statements of the Company, which were approved by the Board of Directors on 14 May 2008 and were signed on its behalf by:
Sir John Parker Chairman
Steve Lucas Finance Director