directors report and accounts 2006 - Group balance sheet as at 31 December

 
 

 Group balance sheet as at 31 December

 Notes2006
£m
2005
restated
£m
Assets   
Non-current assets   
Intangible assets9 7,476 7,987
Property, plant and equipment10 2,207 2,331
Investments in associates and joint ventures11 2,108 2,193
Retirement benefit assets12 29 35
Deferred tax assets13 273 290
Trade and other receivables14 192 197
Available-for-sale investments15 24 27
Derivative financial instruments16 76 87
Total non-current assets 12,385 13,147
Current assets   
Inventories17 2,056 2,274
Income tax receivable18 59 81
Trade and other receivables14 1,568 1,577
Available-for-sale investments15 128 96
Derivative financial instruments16 124 86
Cash and cash equivalents19 1,456 1,790
Total current assets 5,391 5,904
Total assets 17,776 19,051
Equity   
Capital and reserves   
Share capital 517 524
Share premium, capital redemption and merger reserves 3,886 3,874
Other reserves 419 981
Retained earnings 1,639 1,251
Shareholders' funds 6,461 6,630
after deducting   
- cost of own shares held in employee share ownership trusts (197)(182)
Minority interests 227 247
Total equity20 6,688 6,877
Liabilities   
Non-current liabilities   
Borrowings21 5,568 5,058
Retirement benefit liabilities12435 543
Deferred tax liabilities13296 277
Other provisions for liabilities and charges22 161 261
Trade and other payables23 146 180
Derivative financial instruments16 29 19
Total non-current liabilities 6,635 6,338
Current liabilities   
Borrowings21 1,058 2,202
Income tax payable18292 374
Other provisions for liabilities and charges22 253 234
Trade and other payables23 2,766 2,883
Derivative financial instruments16 84 143
Total current liabilities 4,453 5,836
Total equity and liabilities 17,776 19,051

On behalf of the Board
Jan du Plessis
1 March 2007

The prior year balance sheet has been restated in accordance with the amendment to IAS21 as detailed in note 4 and IFRIC Interpretation 4 as detailed in note 10.