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Group balance sheet
As at 31 July 2007
| Notes | 2007 £m |
2006 £m |
|
|---|---|---|---|
| Assets | |||
| Non-current assets | |||
| Intangible assets: goodwill | 11 | 1,890 | 1,173 |
| Intangible assets: other | 12 | 790 | 333 |
| Property, plant and equipment | 13 | 1,718 | 1,144 |
| Deferred tax assets | 15 | 9 | 16 |
| Trade and other receivables | 17 | 91 | 36 |
| Financial assets: available-for-sale investments | 14 | 12 | 21 |
| 4,510 | 2,723 | ||
| Current assets | |||
| Inventories | 16 | 2,069 | 1,954 |
| Trade and other receivables | 17 | 2,829 | 2,650 |
| Current tax receivable | 8 | 1 | |
| Financial assets: trading investments | 19 | 4 | 4 |
| Derivative financial assets | 20 | 10 | 10 |
| Financial receivables: construction loans (secured) | 21 | 286 | 313 |
| Cash and cash equivalents | 22 | 244 | 416 |
| 5,450 | 5,348 | ||
| Assets held for sale | 18 | 10 | 7 |
| Total assets | 9,970 | 8,078 | |
| Liabilities | |||
| Current liabilities | |||
| Trade and other payables | 23 | 2,796 | 2,294 |
| Current tax payable | 133 | 91 | |
| Borrowings: construction loans (unsecured) | 21 | 286 | 313 |
| Bank loans and overdrafts | 24 | 530 | 192 |
| Obligations under finance leases | 25 | 17 | 18 |
| Derivative financial liabilities | 20 | 18 | 29 |
| Provisions | 26 | 31 | 29 |
| Retirement benefit obligations | 27 | 24 | 29 |
| 3,835 | 2,995 | ||
| Non-current liabilities | |||
| Trade and other payables | 23 | 63 | 25 |
| Bank loans | 24 | 2,097 | 2,084 |
| Obligations under finance leases | 25 | 63 | 57 |
| Deferred tax liabilities | 15 | 275 | 88 |
| Provisions | 26 | 99 | 77 |
| Retirement benefit obligations | 27 | 87 | 160 |
| 2,684 | 2,491 | ||
| Total liabilities | 6,519 | 5,486 | |
| Net assets | 3,451 | 2,592 | |
| Shareholder's equity | |||
| Called up share capital | 28 | 165 | 149 |
| Share premium account | 30 | 945 | 288 |
| Foreign currency translation reserve | 30 | (181) | (49) |
| Retained earnings | 30 | 2,522 | 2,204 |
| Equity shareholder's funds | 3,451 | 2,592 |
The consolidated financial statements were approved by the Board of Directors on 24 September 2007 and were signed on its behalf by
 |
 |
| Chip Hornsby | Stephen P Webster |
| Group Chief Executive | Chief Financial Officer |
The accompanying notes are an integral part of these consolidated financial statements.