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| All figures in £ millions | Note | 2004 | 2003 restated |
|---|---|---|---|
| Fixed assets | |||
| Intangible assets | 11 | 2,890 | 3,260 |
| Tangible assets | 12 | 473 | 468 |
| Investments: joint ventures | 13 | ||
| Share of gross assets | 9 | 7 | |
| Share of gross liabilities | (2) | (1) | |
| 7 | 6 | ||
| Investments: associates | 14 | 41 | 58 |
| Investments: other | 15 | 17 | 21 |
| 3,428 | 3,813 | ||
| Current assets | |||
| Stocks | 16 | 676 | 683 |
| Debtors | 17 | 1,103 | 1,132 |
| Deferred taxation | 21 | 165 | 145 |
| Investments | 1 | 2 | |
| Cash at bank and in hand | 18 | 613 | 561 |
| 2,558 | 2,523 | ||
| Creditors - amounts falling due within one year | |||
| Short-term borrowing | 19 | (107) | (575) |
| Other creditors | 20 | (1,168) | (1,129) |
| (1,275) | (1,704) | ||
| Net current assets | 1,283 | 819 | |
| Total assets less current liabilities | 4,711 | 4,632 | |
| Creditors - amounts falling due after more than one year | |||
| Medium and long-term borrowing | 19 | (1,712) | (1,347) |
| Other creditors | 20 | (60) | (45) |
| (1,772) | (1,392) | ||
| Provisions for liabilities and charges | 22 | (123) | (152) |
| Net assets | 2,816 | 3,088 | |
| Capital and reserves |
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| Called up share capital | 23 | 201 | 201 |
| Share premium account | 24 | 2,473 | 2,469 |
| Profit and loss account | 24 | (71) | 223 |
| Equity shareholders' funds | 2,603 | 2,893 | |
| Equity minority interests | 213 | 195 | |
| 2,816 | 3,088 | ||
The 2003 comparatives have been restated for the adoption of UITF 38 (see note 24).
The company balance sheet is shown in note 32.
The financial statements were approved by the board of directors on 27 February 2005 and signed on its behalf by
