Consolidated balance sheet

At December 31, 2007
	Notes	2007 £m	Restated* 2006 £m
ASSETS
Non-current assets
Intangible assets	8	1,761	1,460
Property, plant and equipment	9	1,813	1,706
Investments – joint ventures	10	284	240
Other investments	10	57	51
Deferred tax assets	5	81	141
Post-retirement scheme surpluses	18	210	22
		4,206	3,620
Current assets
Inventory	11	2,203	1,845
Trade and other receivables	12	2,585	2,465
Taxation recoverable		7	5
Other financial assets	16	514	644
Short-term investments		40	34
Cash and cash equivalents	13	1,897	2,185
Assets held for sale		7	—
		7,253	7,178
Total assets		11,459	10,798
LIABILITIES
Current liabilities
Borrowings	14	(34)	(400)
Other financial liabilities	16	(85)	(37)
Trade and other payables	15	(4,326)	(3,688)
Current tax liabilities		(188)	(191)
Provisions	17	(121)	(146)
		(4,754)	(4,462)
Non-current liabilities
Borrowings	14	(1,030)	(990)
Other financial liabilities	16	(303)	(336)
Trade and other payables	15	(965)	(827)
Deferred tax liabilities	5	(345)	(252)
Provisions	17	(180)	(189)
Post-retirement scheme deficits	18	(333)	(1,017)
		(3,156)	(3,611)
Total liabilities		(7,910)	(8,073)

Net assets		3,549	2,725

* See notes 11, 15 and 18
EQUITY
Capital and reserves
Called-up share capital	19	364	356
Share premium account	20	67	43
Capital redemption reserves	20	191	197
Transition hedging reserve	20	77	177
Other reserves	20	62	(55)
Retained earnings	20	2,776	2,000
Equity attributable to equity holders of the parent		3,537	2,718
Minority interests	20	12	7
Total equity		3,549	2,725
The financial statements were approved by the Board on February 6, 2008 and signed on its behalf by: Simon Robertson Chairman Andrew Shilston Finance Director