Financial Statements

Company Balance Sheet at 31 December 2008

Note 2008
£m
2007
£m
Fixed assets  
Investment in Group undertakings 4 962.8 2,629.1
962.8 2,629.1
Current assets  
Debtors 5 2,587.5 2,344.4
Cash at bank and in hand   510.8 30.4
3,098.3 2,374.8
Creditors: amounts falling due within one year 6 (788.1) (678.7)
Net current assets   2,310.2 1,696.1
Total assets less current liabilities   3,273.0 4,325.2
Creditors: amounts falling due after one year 7 (1,917.1) (1,275.7)
Provisions (4.0)
Net assets   1,351.9 3,049.5
Capital and reserves  
Called-up share capital 9 289.6 289.6
Share premium account 10 753.6 758.1
Merger relief reserve 11 934.2
Capital redemption reserve 12 31.5 31.5
Translation reserve 13 89.6 (50.5)
Profit and loss account 14 463.2 1,368.5
Own shares 15 (275.6) (281.9)
Shareholders’ funds 18 1,351.9 3,049.5

The Company has elected to take the exemption under section 230 of the Companies Act 1985 to not present the parent company profit and loss account.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2009. They were signed on its behalf by:

P Redfern, Director C Rickard, Director
P Redfern
Director
C Rickard
Director