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|
Consolidated
balance sheet
|
||||||
| At 31 March |
Notes
|
2003
£m |
2002
£m |
|||
|
||||||
| Fixed assets | ||||||
| Intangible assets – goodwill |
13
|
746
|
1,512
|
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| Tangible assets |
14
|
880
|
1,515
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| Investments in associated undertakings |
15
|
4
|
14
|
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| Other investments |
15
|
30
|
59
|
|||
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||||||
|
1,660
|
3,100
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| Current assets |
|
|
|
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| Stocks |
16
|
489
|
824
|
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| Debtors: amounts falling due within one year |
17
|
1,054
|
1,490
|
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| Debtors: amounts falling due after more than one year |
17
|
529
|
510
|
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| Investments |
15
|
31
|
33
|
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| Cash and short-term deposits |
28
|
365
|
506
|
|||
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||||||
|
2,468
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3,363
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|||||
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| Creditors: amounts falling due within one year |
|
|
|
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| Short-term borrowings |
18
|
(136)
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(1,066)
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| Other creditors |
18
|
(1,483)
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(1,748)
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||||||
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(1,619)
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(2,814)
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| Net current assets |
849
|
549
|
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| Total assets less current liabilities |
2,509
|
3,649
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||||||
| Creditors: amounts falling due after more than one year |
|
|
|
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| Long-term borrowings |
19
|
(1,785)
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(2,456)
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| Other creditors |
19
|
(84)
|
(117)
|
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||||||
|
(1,869)
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(2,573)
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|
||||||
| Provisions for liabilities and charges |
22
|
(557)
|
(686)
|
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||||||
|
1
|
83
|
390
|
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|
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| Capital and reserves |
|
|
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| Called up share capital |
23
|
875
|
875
|
|||
| Share premium account |
24
|
15
|
15
|
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| Capital redemption reserve |
24
|
83
|
83
|
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| Capital reserve |
24
|
2,047
|
210
|
|||
| Exchange variation reserve |
24
|
(501)
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(417)
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| Profit and loss account |
24
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(2,622)
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(622)
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||||||
| Shareholders’ (deficit)/funds – equity |
(103)
|
144
|
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| Minority interests – including non-equity |
25
|
186
|
246
|
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||||||
|
83
|
390
|
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| These accounts were approved by the directors on 28 May 2003 and are signed on their behalf by: | ||||||
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| Year end exchange rates | ||||||
| US$ to £1 |
1.58
|
1.42
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| Euro to £1 |
1.45
|
1.63
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| Yen to £1 |
187.43
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188.73
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| The balance sheet has been translated into sterling at appropriate year end exchange rates. | ||||||