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BSkyB Summary Annual Report 2004
for the year ended 30 June 2004
    2004
£m		   2003
as restated* £m
Fixed assets        
Intangible fixed assets   417   536
Tangible fixed assets   376   346
Investments:        
Investments in associates 1   -  

Investments in joint ventures

      
  : Share of gross assets 72   87  

 

 : Share of gross liabilities (45)   (59)  
  : Transfer to creditors 5   2  
Total investments in joint ventures and associates   33   30
Other fixed asset investments   2   44
Total investments   35   74
    828   956
         
Current assets        
Stocks   375   370
Debtors: Amounts falling due within one year        
  – deferred tax asset   49   31
  – other   321   363
    370   394
         
Debtors: Amounts falling due after more than one year        
  – deferred tax asset   102   159
  – other   42   64
    144   223
         
Cash and liquid resources:      
  – current asset investments   173   -
  – cash at bank and in hand   474   47
      647   47
    1,536   1,034
Creditors: Amounts falling due within one year   (1,170)   (967)
         
Net current assets   366   67
         
Total assets less current liabilities   1,194   1,023
         
Creditors: Amounts falling due after more than one year        
  – long-term borrowings   (1,076)   (1,152)
  – accruals and deferred income   (28)   (20)
    (1,104)   (1,172)
         
Provisions for liabilities and charges   -   (3)
    90   (152)
         
Capital and reserves – equity        
Called-up share capital   971   969
Share premium   1,437   2,536
Shares to be issued   -   3
ESOP reserve   (30)   (35)
Merger reserve   222   299
Special reserve   14   -
Profit and loss account   (2,524)   (3,924)
Shareholders' funds (deficit)   90   (152)

* The balance sheet as at 30 June 2003 has been restated following the adoption of
UITF 38.


Signed on behalf of the Board,
James Murdoch Chief Executive Officer
Martin Stewart Chief Financial Officer

3 August 2004

 
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This is a summary of information extracted from the Company's annual report and accounts. It does not contain sufficient information to allow as full an understanding of the results of the Group and state of affairs as is provided by the full annual report and accounts, which can be downloaded in PDF format from this site.
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