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At December 31, 2005

	Notes	2005 £m	2004 £m
Fixed assets
Investments - subsidiary undertakings	2	2,153	2,198
Current assets
Debtors - amounts falling due within one year	3	829	501
Cash at bank		1	—
		830	501
Creditors - amounts falling due within one year
Other creditors	4	(7)	—
Net current assets		823	501
Total assets less current liabilities		2,976	2,699
Net assets		2,976	2,699
Capital and reserves
Called-up share capital	5	352	346
Share premium account	6	30	4
Merger reserve	6	777	918
Capital redemption reserve	6	206	74
Profit and loss account	6	1,611	1,357
Shareholders' funds1		2,976	2,699

1. Equity shareholders' funds £2,976m (2004 £2,694m); non-equity shareholders' funds £nil (2004 £5m) (see note 4).

The financial statements were approved by the Board on February 8, 2006 and signed on its behalf by: