Financial statements

Group balance sheet
31 December

	Notes	2002 £m	2001 £m
Fixed assets
Intangible assets	11	1,813	1,524
Tangible assets	12	2,763	2,058
Investments:
Share of gross assets of joint ventures		810	709
Share of gross liabilities of joint ventures		(736)	(597)
	13	74	112
Other investments	13	28	55
		4,678	3,749
Current assets
Stocks	14	180	193
Debtors:
Goldfish Bank debtors (amounts falling due within one year)	15	781	673
Goldfish Bank debtors (amounts falling due after more than one year)	15	11	–
Other debtors (amounts falling due within one year)	15	2,598	1,923
Other debtors (amounts falling due after more than one year)	15	134	130
		3,524	2,726
Current asset investments	16	320	454
Cash at bank and in hand		28	72
		4,052	3,445
Creditors (amounts falling due within one year)
Goldfish Bank borrowings	17	(430)	(610)
Other borrowings	17	(289)	(361)
Other amounts falling due within one year:
Goldfish Bank customer deposits		(286)	–
Other creditors		(3,155)	(2,871)
	18	(3,441)	(2,871)
		(4,160)	(3,842)
Net current liabilities		(108)	(397)
Total assets less current liabilities		4,570	3,352
Creditors (amounts falling due after more than one year)
Borrowings	17	(784)	(598)
Other creditors	18	(122)	(34)
		(906)	(632)
Provisions for liabilities and charges	19	(1,262)	(1,184)
Net assets		2,402	1,536
Capital and reserves – equity interests
Called up share capital	20	236	223
Share premium account	21	537	62
Merger reserve	21	467	467
Profit and loss account	21	1,008	750
Shareholders’ funds	22	2,248	1,502
Minority interests (equity and non-equity)	23	154	34
Total capital employed		2,402	1,536

The financial statements were approved by the board of directors on 20 February 2003 and were signed on its behalf by:

Sir Michael Perry GBE

Chairman

Phillip Bentley

Group Finance Director

The notes form part of these financial statements.

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Annual Report 2002