Financial Statements

Parent company balance sheet

at 31 March 2006

		2006	2006	2005	2005
				(Restated) (Note 1)
	Notes	£m	£m	£m	£m
Fixed assets
Tangible assets	3		3		3
Investments in group undertakings	4		3,243		3,220
			3,246		3,223
Current assets
Debtors – due within one year	5	6,282		6,675
– due after more than one year	5	83	6,365	156	6,831
Current liabilities
Creditors – amounts due within one year	6		(6,241)		(6,418)
Net current assets			124		413
Total assets less current liabilities			3,370		3,636
Creditors – amounts due after more than one year	7		(1,851)		(1,451)
Retirement benefit obligations	14		(12)		(21)
Net assets			1,507		2,164

Capital and reserves
Called up share capital	10		256		254
Share premium account	10		97		69
Profit and loss account	11		1,154		1,841
Total equity shareholders’ funds			1,507		2,164

The financial statements on pages 103 to 113 were approved by the Board of Directors on 23 May 2006 and were signed on its behalf by:

John Peace Group Chief Executive
David Tyler Group Finance Director