Consolidated balance sheet

	Notes	2010 £m	2009 £m
ASSETS
Non-current assets
Intangible assets	8	2,884	2,472
Property, plant and equipment	9	2,136	2,009
Investments – joint ventures and associates	10	393	437
Investments – other	10	11	58
Other financial assets	16	371	637
Deferred tax assets	4	451	360
Post-retirement scheme surpluses	18	164	75
		6,410	6,048
Current assets
Inventories	11	2,429	2,432
Trade and other receivables	12	3,943	3,877
Taxation recoverable		6	12
Other financial assets	16	250	80
Short-term investments		328	2
Cash and cash equivalents	13	2,859	2,962
Assets held for sale		9	9
		9,824	9,374
Total assets		16,234	15,422
LIABILITIES
Current liabilities
Borrowings	14	(717)	(126)
Other financial liabilities	16	(105)	(181)
Trade and other payables	15	(5,910)	(5,628)
Current tax liabilities		(170)	(167)
Provisions for liabilities and charges	17	(276)	(210)
		(7,178)	(6,312)
Non-current liabilities
Borrowings	14	(1,135)	(1,787)
Other financial liabilities	16	(945)	(868)
Trade and other payables	15	(1,271)	(1,145)
Deferred tax liabilities	4	(438)	(366)
Provisions for liabilities and charges	17	(268)	(232)
Post-retirement scheme deficits	18	(1,020)	(930)
		(5,077)	(5,328)
Total liabilities		(12,255)	(11,640)
Net assets		3,979	3,782
EQUITY
Equity attributable to ordinary shareholders
Called-up share capital	19	374	371
Share premium account		133	98
Capital redemption reserves		209	191
Hedging reserves		(37)	(19)
Other reserves		527	506
Retained earnings		2,769	2,635
		3,975	3,782
Non-controlling interests		4	–
Total equity		3,979	3,782

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