bat plc annual report 2007 - Group balance sheet

 
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Annual Report and Accounts 2007

At 31 December

 Notes2007
£m		2006
£m
Assets   
Non-current assets   
Intangible assets9 8,105 7,476
Property, plant and equipment10 2,378 2,207
Investments in associates and joint ventures11 2,269 2,108
Retirement benefit assets12 50 29
Deferred tax assets13 262 273
Trade and other receivables14 123 192
Available-for-sale investments15 22 24
Derivative financial instruments16 153 76
Total non-current assets 13,362 12,385
Current assets   
Inventories17 1,985 2,056
Income tax receivable18 85 59
Trade and other receivables14 1,845 1,568
Available-for-sale investments15 75 128
Derivative financial instruments16 82 124
Cash and cash equivalents19 1,258 1,456
  5,330 5,391
Assets classified as held for sale26 36  
Total current assets 5,366 5,391
Total assets 18,728 17,776
 Notes2007
£m		2006
£m
Equity   
Capital and reserves   
Share capital 506 517
Share premium, capital redemption and merger reserves 3,902 3,886
Other reserves 637 419
Retained earnings 1,835 1,639
Shareholders’ funds 6,880 6,461
after deducting   
– cost of treasury shares (296)(197)
Minority interests 218 227
Total equity20 7,098 6,688
 Notes2007
£m		2006
£m
Liabilities   
Non-current liabilities   
Borrowings21 6,062 5,568
Retirement benefit liabilities12 357 435
Deferred tax liabilities13 294 296
Other provisions for liabilities and charges22 165 161
Trade and other payables23 149 146
Derivative financial instruments16 49 29
Total non-current liabilities 7,076 6,635
Current liabilities   
Borrowings21 861 1,058
Income tax payable18 227 292
Other provisions for liabilities and charges22 263 253
Trade and other payables23 2,976 2,766
Derivative financial instruments16 225 84
  4,552 4,453
Liabilities directly associated with assets classified as held for sale26 2  
Total current liabilities 4,554 4,453
Total equity and liabilities 18,728 17,776

See Notes on the accounts, Principal subsidiary undertakings and Principal associate undertakings

On behalf of the Board

Jan du Plessis
Chairman

27 February 2008

© British American Tobacco