Consolidated balance sheet

 
     
  AT 31 DECEMBER 2003  
 
      Group
      31 December 31 December
      2003 2002
Note     £m £m
  Fixed assets      
  Intangible fixed assets:      
12 Goodwill   7 8
12 Negative goodwill   (6) (7)
  Net goodwill   1 1
13 Tangible fixed assets   2,048 2,473
14 Fixed asset investments:      
  Joint ventures:      
  Share of gross assets   337 300
  Share of gross liabilities   (211) (198)
  Net investment   126 102
  Associates   315 303
  Other investments   97 102
  Total fixed asset investments   538 507
  Total fixed assets   2,587 2,981
  Current assets      
15 Stocks   65 55
16 Debtors   160 134
17 Investments   70 43
  Cash at bank and in hand   673 799
  Total current assets   968 1,031
18 Creditors: amounts falling due within one year:      
  Secured loans without recourse   (531) (810)
  Other current liabilities   (315) (595)
  Creditors: amounts falling due within one year   (846) (1,405)
  Net current assets/(liabilities)   122 (374)
  Total assets less current liabilities   2,709 2,607
  Creditors: amounts falling due after more than one year (including convertible debt)   (909) (583)
  Provisions for liabilities and charges   (238) (255)
  Net assets   1,562 1,769
         
  Capital and reserves      
22/23 Called up share capital   554 559
23 Share premium account   289 289
23 Capital redemption reserve   145 140
23 Capital reserve   422 422
23 Profit and loss account   113 330
23 Shareholders’ funds – equity   1,523 1,740
  Minority interests – equity   39 29
  Total equity   1,562 1,769
 
  The accounts were approved by the Board of Directors on 26 February 2004 and signed on its behalf by  
   
 
Signature of Philip Cox, Chief Executive Officer Signature of Mark Williamson, Chief Financial Officer
   
Philip Cox
Chief Executive Officer 		Mark Williamson
Chief Financial Officer