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Company Financial Statements

Company balance sheet at 31 March

  Notes 2006
£m
2005
(restated) (i)
£m
Fixed assets      
Investments 2 2,428 2,428
    2,428 2,428
Current assets      
Debtors (amounts falling due within one year) 3 7,109 10,697
Derivative financial instruments (amounts falling due within one year)   64
Derivative financial instruments (amounts falling due after more than one year)   79
Current asset investments   1,046 118
    8,298 10,815
Creditors (amounts falling due within one year)      
Derivative financial instruments   (21)
Borrowings   (109) (781)
Other creditors   (1,876) (1,764)
  4 (2,006) (2,545)
Net current assets   6,292 8,270
Total assets less current liabilities   8,720 10,698
Creditors (amounts falling due after more than one year)      
Derivative financial instruments   (56)
Borrowings   (1,715) (1,020)
Other creditors   (8)
  5 (1,771) (1,028)
Provisions for liabilities and charges      
Deferred taxation 7 (5)
Net assets employed   6,944 9,670
Capital and reserves      
Called up share capital 8 310 309
Share premium account 9 1,316 1,289
Cash flow hedge reserve 9 7
Other reserves 9 74 68
Profit and loss account 9 5,237 8,004
       
Equity shareholders’ funds   6,944 9,670
  1. During the year ended 31 March 2006, the Company adopted FRS 21 ‘Events after the Balance Sheet Date’. See note 1 to the Company accounts, ‘Changes in accounting policies'.

Commitments and contingencies are shown in note 10 to the Company accounts on page 171.

The notes form part of the Company Financial Statements, which were approved by the Board of Directors on 17 May 2006 and were signed on its behalf by:

Sir John Parker Chairman

Steve Lucas Group Finance Director