: notes to the accounts :
32. Company balance sheet as at 31 December 1999
| all figures in £ millions |
1999
|
1998
|
|
|
note
|
|||
| Fixed assets | |||
| Investments: | |||
| Subsidiaries |
2,401
|
2,598
|
|
| Own shares held |
8
|
––
|
|
|
|
|
|
|
|
2,409
|
2,598
|
||
|
|
|
|
|
| Current assets | |||
| Debtors: | |||
| Subsidiaries – due within one year |
2,233
|
2,774
|
|
| Subsidiaries – due after more than one year |
1,403
|
1,268
|
|
| Other debtors |
6
|
8
|
|
| Prepayments and accrued income |
1
|
10
|
|
| Cash at bank and in hand |
7
|
6
|
|
|
|
|
|
|
|
3,650
|
4,066
|
||
|
|
|
|
|
| Creditors – amounts falling due within one year | |||
| Short-term borrowing |
(130)
|
(172)
|
|
| Subsidiaries |
(1,844)
|
(2,082)
|
|
| Taxation |
(20)
|
(5)
|
|
| Other creditors |
(4)
|
––
|
|
| Accruals and deferred income |
(30)
|
(28)
|
|
| Dividends |
(85)
|
(79)
|
|
|
|
|
|
|
|
(2,113)
|
(2,366)
|
||
|
|
|
|
|
| Net current assets |
1,537
|
1,700
|
|
|
|
|
|
|
| Total assets less current liabilities |
3,946
|
4,298
|
|
| Creditors – amounts falling due after more than one year | |||
| Medium and long term borrowing |
(1,412)
|
(2,186)
|
|
| Subsidiaries |
(280)
|
(225)
|
|
| Accruals and deferred income |
(3)
|
(5)
|
|
| Provisions for liabilities and charges | |||
| Deferred taxation |
(1)
|
(1)
|
|
| Other provisions for liabilities and charges |
(2)
|
(2)
|
|
|
|
|
|
|
|
(1,698)
|
(2,419)
|
||
|
|
|
|
|
| Net assets |
2,248
|
1,879
|
|
|
|
|
|
|
| Capital and reserves | |||
| Called up share capital |
153
|
152
|
|
| Share premium account |
498
|
||
| Special reserve |
397
|
||
| Other reserves |
50
|
50
|
|
| Profit and loss account |
1,131
|
782
|
|
|
|
|
|
|
| Equity shareholders’ funds |
2,248
|
1,879
|
|
|
|
|
|
|
The financial statements were approved by the board of directors on 6 march 2000 and signed on its behalf by Lord Stevenson : John Makinson
 |
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