AT 31 DECEMBER 2003           Group       31 December 31 December       2003 2002 Note     £m £m   Fixed assets         Intangible fixed assets:       12 Goodwill   7 8 12 Negative goodwill   (6) (7)   Net goodwill   1 1 13 Tangible fixed assets   2,048 2,473 14 Fixed asset investments:         Joint ventures:         Share of gross assets   337 300   Share of gross liabilities   (211) (198)   Net investment   126 102   Associates   315 303   Other investments   97 102   Total fixed asset investments   538 507   Total fixed assets   2,587 2,981   Current assets       15 Stocks   65 55 16 Debtors   160 134 17 Investments   70 43   Cash at bank and in hand   673 799   Total current assets   968 1,031 18 Creditors: amounts falling due within one year:         Secured loans without recourse   (531) (810)   Other current liabilities   (315) (595)   Creditors: amounts falling due within one year   (846) (1,405)   Net current assets/(liabilities)   122 (374)   Total assets less current liabilities   2,709 2,607 19 Creditors: amounts falling due after more than one year (including convertible debt)   (909) (583) 20 Provisions for liabilities and charges   (238) (255) 1 Net assets   1,562 1,769             Capital and reserves       22/23 Called up share capital   554 559 23 Share premium account   289 289 23 Capital redemption reserve   145 140 23 Capital reserve   422 422 23 Profit and loss account   113 330 23 Shareholders’ funds – equity   1,523 1,740   Minority interests – equity   39 29   Total equity   1,562 1,769           The accounts were approved by the Board of Directors on 26 February 2004 and signed on its behalf by               Philip Cox Chief Executive Officer Mark Williamson Chief Financial Officer	Print this page     Downloads     Glossary     Site map         Next page     Previous page