At 31 December 2004 |
|||
| Company | |||
| Note | 31 December 2004 £m |
31 December 2003 (restated) £m |
|
|---|---|---|---|
| Fixed assets | |||
| Tangible assets | 14 | 2 | 1 |
| Investments: | 15 | ||
| Subsidiary undertakings | 3,214 | 1,847 | |
| Other investments | 2 | 1 | |
| Total fixed asset investments | 3,216 | 1,848 | |
| Total fixed assets | 3,218 | 1,849 | |
| Current assets | |||
| Debtors | 17 | 186 | 247 |
| Cash at bank and in hand | 182 | 478 | |
| Total current assets | 368 | 725 | |
| Creditors: amounts falling due within one year | 19 | (1,572) | (890) |
| Net current liabilities | (1,204) | (165) | |
| Total assets less current liabilities | 2,014 | 1,684 | |
| Creditors: amounts falling due after more than one year | 20 | – | – |
| Provisions for liabilities and charges | 21 | (36) | (38) |
| Net assets | 1,978 | 1,646 | |
| Capital and reserves | |||
| Called up share capital | 23/24 | 737 | 554 |
| Share premium account | 24 | 392 | 289 |
| Capital redemption reserve | 24 | 145 | 145 |
| Capital reserve | 24 | 415 | 415 |
| Profit and loss account | 24 | 289 | 243 |
| Shareholders' funds – equity | 1,978 | 1,646 |
The accounts were approved by the Board of Directors on 9 March 2005 and signed on its behalf by
 |
 |
| Philip Cox Chief Executive Officer |
Mark Williamson Chief Financial Officer |
