Summary Group balance sheet

At 31 December 2008


		2008 £m	2007 £m
Non-current assets
Intangible assets	– goodwill	975	694
	– other	223	59
Property, plant and equipment		296	215
Investments in joint ventures and associates		469	381
Investments		55	57
PPP financial assets		151	62
Deferred tax assets		132	125
Derivative financial instruments		3	3
Trade and other receivables		74	77
		2,378	1,673
Current assets
Inventories		125	72
Due from customers for contract work		383	338
Derivative financial instruments		2	1
Trade and other receivables		1,193	881
Cash and cash equivalents	– PPP subsidiaries	2	3
	– other	461	391
		2,166	1,686
Total assets		4,544	3,359
Current liabilities
Trade and other payables		(2,168)	(1,718)
Due to customers for contract work		(540)	(415)
Derivative financial instruments		(66)	(6)
Current tax liabilities		(23)	(7)
Borrowings	– PPP non-recourse loans	–	(3)
	– other	(12)	(16)
		(2,809)	(2,165)
Non-current liabilities
Trade and other payables		(152)	(135)
Derivative financial instruments		(40)	(6)
Borrowings	– PPP non-recourse loans	(145)	(61)
	– other	(9)	(1)
Deferred tax liabilities		(10)	(7)
Liability component of preference shares		(87)	(87)
Retirement benefit obligations		(261)	(286)
Provisions		(166)	(128)
		(870)	(711)
Total liabilities		(3,679)	(2,876)
Net assets		865	483
Equity
Called-up share capital		239	216
Share premium account		54	52
Equity component of preference shares		16	16
Special reserve		139	164
Share of joint ventures' and associates' reserves		230	178
Other reserves		79	9
Retained profits/(accumulated losses)		104	(152)
Equity attributable to equity holders of the parent		861	483
Minority interests		4	–
Total equity		865	483

The summary financial statement, extracted from the Directors' report and accounts 2008, has been approved by the Board and signed on its behalf by:

Duncan Magrath Director
4 March 2009