Company balance sheet
At December 31, 2010
| Notes | 2010 £m |
2009 £m |
|
|---|---|---|---|
| Fixed assets | |||
| Investments – subsidiary undertakings | 2 | 2,274 | 2,261 |
| Current assets | |||
| Amounts owed by subsidiary undertakings due within one year | 250 | – | |
| Cash at bank | 1 | 2 | |
| 251 | 2 | ||
| Creditors – amounts falling due within one year | |||
| Financial liabilities | 3 | (23) | (13) |
| Bank loans | (67) | - | |
| Amounts owed to subsidiary undertakings due within one year | - | (71) | |
| (90) | (84) | ||
| Net current assets | 161 | (82) | |
| Total assets less current liabilities | 2,435 | 2,179 | |
| Net assets | 2,435 | 2,179 | |
| Capital and reserves | |||
| Called-up share capital | 4 | 374 | 371 |
| Share premium account | 5 | 133 | 98 |
| Capital redemption reserves | 5 | 986 | 968 |
| Other reserve | 5 | 144 | 108 |
| Own shares reserve | 5 | (126) | (27) |
| Profit and loss account | 5 | 924 | 661 |
| Total shareholders’ funds | 2,435 | 2,179 |
The financial statements were approved by the Board on February 9, 2011 and signed on its behalf by:
Sir Simon Robertson Chairman Andrew Shilston Finance Director