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Balance sheets

At 19 March 2011 and 20 March 2010

  Note Group
2011
£m
Group
2010
£m
Company
2011
£m
Company
2010
£m
Non-current assets          
Property, plant and equipment 11 8,784 8,203 42 42
Intangible assets 12 151 144
Investments in subsidiaries 13 7,309 7,276
Investments in joint ventures 14 502 449 91 91
Available-for-sale financial assets 15 176 150 36 24
Other receivables 17 36 36 1,181 1,115
Derivative financial instruments 29 29 20 25 19
Deferred income tax asset 21 1 1
    9,678 9,002 8,685 8,568
Current assets          
Inventories 16 812 702
Trade and other receivables 17 343 215 1,069 566
Derivative financial instruments 29 52 43 43 32
Cash and cash equivalents 26b 501 837 169 670
    1,708 1,797 1,281 1,268
Non-current assets held for sale 18 13 56
    1,721 1,853 1,281 1,268
Total assets   11,399 10,855 9,966 9,836
Current liabilities          
Trade and other payables 19 (2,597) (2,466) (4,443) (4,460)
Borrowings 20 (74) (73) (17) (3)
Derivative financial instruments 29 (59) (41) (51) (40)
Taxes payable   (201) (200) (15) (7)
Provisions 22 (11) (13) (1) (1)
    (2,942) (2,793) (4,527) (4,511)
Net current liabilities   (1,221) (940) (3,246) (3,243)
Non-current liabilities          
Other payables 19 (120) (106) (861) (821)
Borrowings 20 (2,339) (2,357) (338) (323)
Derivative financial instruments 29 (2)
Deferred income tax liability 21 (172) (144)
Provisions 22 (62) (66) (19) (24)
Retirement benefit obligations 30 (340) (421)
    (3,033) (3,096) (1,218) (1,168)
Net assets   5,424 4,966 4,221 4,157
Equity          
Called up share capital 23 535 532 535 532
Share premium account 23 1,048 1,033 1,048 1,033
Capital redemption reserve 24 680 680 680 680
Other reserves 24 (213) (242) 23 26
Retained earnings 25 3,374 2,963 1,935 1,886
Total equity   5,424 4,966 4,221 4,157
 

The financial statements were approved by the Board of Directors on 10 May 2011, and are signed on its behalf by:

  • Justin King
  • Chief Executive
 
  • John Rogers
  • Chief Financial Officer