Notes to the consolidated financial statements – analysis of items in the primary statements

1. Segmental analysis	10. Earnings per share	19. Trade and other receivables
2. Other operating income	11. Goodwill	20. Cash and cash equivalents
3. Operating costs	12. Other intangible assets	21. Borrowings
4. Exceptional items, remeasurements and stranded cost recoveries	13. Property, plant and equipment	22. Trade and other payables
5. Pensions and other post-retirement benefits	14. Other non-current assets	23. Other non-current liabilities
6. Finance income and costs	15. Financial and other investments	24. Provisions
7. Taxation	16. Deferred tax assets and liabilities	25. Share capital
8. Discontinued operations	17. Derivative financial instruments	26. Reconciliation of movements in total equity
9. Dividends	18. Inventories and current intangible assets	27. Consolidated cash flow statement

15. Financial and other investments

	2008 £m	2007 £m
Non-current
Available-for-sale investments	180	132
Investments in joint ventures and associates	71	5
	251	137
Current
Available-for-sale investments	2,062	1,800
Loans and receivables	33	298
	2,095	2,098
Total financial and other investments	2,346	2,235
Financial and other investments include the following:
Investments in short-term money funds	1,803	1,591
UK managed investments in equity and bonds	224	213
US managed investments in equity and bonds	107	74
Bank deposits	–	250
Restricted cash balances
Collateral	17	22
Other	10	22
Cash surrender value of life insurance policies	101	53
Investment in joint ventures and associates	71	5
Other investments	13	5
	2,346	2,235

Available-for-sale investments are recorded at fair value. Due to their short maturities the carrying value of loans and receivables approximates their fair value.

The maximum exposure to credit risk at the reporting date is the fair value of the financial investments. For further information on our treasury-related credit risk, refer to note 33. None of the financial investments is past due or impaired.