Consolidated Balance Sheet
at 31 March
| Note | 2008 £m |
2007 £m |
|
|---|---|---|---|
| Non-current assets | |||
| Goodwill | 9 | 51,336 | 40,567 |
| Other intangible assets | 9 | 18,995 | 15,705 |
| Property, plant and equipment | 11 | 16,735 | 13,444 |
| Investments in associated undertakings | 14 | 22,545 | 20,227 |
| Other investments | 15 | 7,367 | 5,875 |
| Deferred tax assets | 6 | 436 | 410 |
| Post employment benefits | 25 | 65 | 82 |
| Trade and other receivables | 17 | 1,067 | 494 |
| 118,546 | 96,804 | ||
| Current assets | |||
| Inventory | 16 | 417 | 288 |
| Taxation recoverable | 57 | 21 | |
| Trade and other receivables | 17 | 6,551 | 5,023 |
| Cash and cash equivalents | 18 | 1,699 | 7,481 |
| 8,724 | 12,813 | ||
| Total assets | 127,270 | 109,617 | |
| Equity | |||
| Called up share capital | 19 | 4,182 | 4,172 |
| Share premium account | 21 | 42,934 | 43,572 |
| Own shares held | 21 | (7,856) | (8,047) |
| Additional paid-in capital | 21 | 100,151 | 100,185 |
| Capital redemption reserve | 21 | 10,054 | 9,132 |
| Accumulated other recognised income and expense | 22 | 10,558 | 3,306 |
| Retained losses | 23 | (81,980) | (85,253) |
| Total equity shareholders’ funds | 78,043 | 67,067 | |
| Minority interests | 1,168 | 226 | |
| Written put options over minority interests | (2,740) | – | |
| Total minority interests | (1,572) | 226 | |
| Total equity | 76,471 | 67,293 | |
| Non-current liabilities | |||
| Long term borrowings | 24 | 22,662 | 17,798 |
| Deferred tax liabilities | 6 | 5,109 | 4,626 |
| Post employment benefits | 25 | 104 | 123 |
| Provisions | 26 | 306 | 296 |
| Trade and other payables | 27 | 645 | 535 |
| 28,826 | 23,378 | ||
| Current liabilities | |||
| Short term borrowings | 24, 34 | 4,532 | 4,817 |
| Current taxation liabilities | 5,123 | 5,088 | |
| Provisions | 26 | 356 | 267 |
| Trade and other payables | 27 | 11,962 | 8,774 |
| 21,973 | 18,946 | ||
| Total equity and liabilities | 127,270 | 109,617 |
The Consolidated Financial Statements were approved by the Board of directors on 27 May 2008 and were signed on its behalf by:
Arun Sarin
Chief Executive
Andy Halford
Chief Financial Officer
The accompanying notes are an integral part of these Consolidated Financial Statements.