Cadbury Schweppes plc - Annual Review and Summary Financial Statement 2005 - Financial Review - Financial Review

Consolidated Balance Sheet
at 1 January 2006

	Notes	2005 £m	2004 £m
Assets
Non-current assets
Goodwill		2,299	2,352
Brand intangibles		3,200	3,261
Software intangibles		149	144
Property, plant and equipment		1,446	1,464
Investment in associates		372	324
Deferred tax assets		123	17
Trade and other receivables		70	67
Other investments		2	11
		7,661	7,640
Current assets
Inventories		713	709
Short-term investments		47	21
Trade and other receivables		1,180	1,150
Tax recoverable		47	30
Cash and cash equivalents		332	325
Derivative financial instruments		67	-
		2,386	2,235
Assets held for sale		945	5
Total Assets		10,992	9,880
Liabilities
Current liabilities
Trade and other payables		(1,543)	(1,546)
Tax payable		(237)	(150)
Short-term borrowings and overdrafts		(1,194)	(610)
Short-term provisions		(42)	(67)
Obligations under finance leases		(20)	(20)
Derivative financial instruments		(61)	-
		(3,097)	(2,393)
Non-current liabilities
Trade and other payables		(32)	(27)
Borrowings		(3,022)	(3,520)
Retirement benefit obligation		(369)	(485)
Tax payable		(138)	(184)
Deferred tax liabilities		(954)	(895)
Long-term provisions		(11)	(10)
Obligations under finance leases		(43)	(66)
		(4,569)	(5,187)
Liabilities directly associated with assets classified as held for sale		(291)	-
Total Liabilities		(7,957)	(7,580)


Net Assets		3,035	2,300
Equity
Share capital	11	260	259
Share premium account		1,135	1,098
Other reserves		223	(32)
Retained earnings		1,390	746
Equity attributable to equity holders of the parent		3,008	2,071
Minority interest		27	229
Total Equity		3,035	2,300