| | NOTES* | | 2005
£m | | 2004
£m |
|---|
| FIXED ASSETS |
| Intangible fixed assets | 11 | | 301 | | 417 |
| Tangible fixed assets | 12 | | 526 | | 376 |
| Investments: |
| Investments in associates | | 1 | | 1 |
| Investments in joint ventures |
| | : Share of gross assets | | 47 | | 72 |
| | : Share of gross liabilities | | (26) | | (45) |
| | : Transfer from creditors | | 1 | | 5 |
| Total investments in joint ventures and associates | 13 | | 23 | | 33 |
| Other fixed asset investments | 14 | | 2 | | 2 |
| Total investments | | 25 | | 35 |
| 852 | | 828 |
| CURRENT ASSETS |
| Stocks | 15 | | 340 | | 375 |
| Debtors: Amounts falling due within one year |
| | - deferred tax asset | 16 | | 43 | | 49 |
| | - other | 17 | | 299 | | 321 |
| 342 | | 370 |
| Debtors: Amounts falling due after more than one year |
| | - deferred tax asset | 16 | | 57 | | 102 |
| | - other | 17 | | 32 | | 42 |
| 89 | | 144 |
| Cash and liquid resources |
| | - current asset investments | 54 | | 173 |
| | - cash at bank and in hand | 643 | | 474 |
| 697 | | 647 |
| 1,468 | | 1,536 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 18 | | (1,240) | | (1,170) |
| NET CURRENT ASSETS | 228 | | 366 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,080 | | 1,194 |
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| | - long-term borrowings | 19 | | (1,076) | | (1,076) |
| | - accruals and deferred income | 19 | | (25) | | (28) |
| (1,101) | | (1,104) |
| PROVISIONS FOR LIABILITIES AND CHARGES | 21 | | (13) | | - |
| (34) | | 90 |
| CAPITAL AND RESERVES - EQUITY |
| Called-up share capital | 22 | | 934 | | 971 |
| Share premium | 23 | | 1,437 | | 1,437 |
| Employee Share Ownership Plan ("ESOP") reserve | 23 | | (32) | | (30) |
| Merger reserve | 23 | | 149 | | 222 |
| Special reserve | 23 | | 14 | | 14 |
| Capital redemption reserve | 23 | | 37 | | - |
| Profit and loss account | 23 | | (2,573) | | (2,524) |
| (34) | | 90 |
| * Notes are available in the full annual report which can be downloaded in PDF format on this site |
| The accompanying notes are an integral part of this consolidated balance sheet. |
| |
| Signed on behalf of the Board |
| James Murdoch Chief Executive Officer |
| Jeremy Darroch Chief Financial Officer |
