| |
Notes |
2005
£m |
2004
£m |
| Assets |
|
|
|
| Non-current assets |
|
|
|
| Goodwill |
14 |
2,299 |
2,352 |
| Brand intangibles |
15 |
3,200 |
3,261 |
| Software intangibles |
15 |
149 |
144 |
| Property, plant and equipment |
16 |
1,446 |
1,464 |
| Investment in associates |
17 |
372 |
324 |
| Deferred tax assets |
24 |
123 |
17 |
| Trade and other receivables |
20 |
70 |
67 |
| Other investments |
18 |
2 |
11 |
| |
|
7,661 |
7,640 |
Current assets |
|
|
|
| Inventories |
19 |
713 |
709 |
| Short-term investments |
|
47 |
21 |
| Trade and other receivables |
20 |
1,180 |
1,150 |
| Tax recoverable |
|
47 |
30 |
| Cash and cash equivalents |
|
332 |
325 |
| Derivative financial instruments |
28 |
67 |
- |
| |
|
2,386 |
2,235 |
| Assets held for sale |
21 |
945 |
5 |
| Total Assets |
|
10,992 |
9,880 |
Liabilities |
|
|
|
| Current liabilities |
|
|
|
| Trade and other payables |
22 |
(1,543) |
(1,546) |
| Tax payable |
|
(237) |
(150) |
| Short-term borrowings and overdrafts |
27 |
(1,194) |
(610) |
| Short-term provisions |
23 |
(42) |
(67) |
| Obligations under finance leases |
27 |
(20) |
(20) |
| Derivative financial instruments |
28 |
(61) |
- |
| |
|
(3,097) |
(2,393) |
Non-current liabilities |
|
|
|
| Trade and other payables |
22 |
(32) |
(27) |
| Borrowings |
27 |
(3,022) |
(3,520) |
| Retirement benefit obligation |
25 |
(369) |
(485) |
| Tax payable |
|
(138) |
(184) |
| Deferred tax liabilities |
24 |
(954) |
(895) |
| Long-term provisions |
23 |
(11) |
(10) |
| Obligations under finance leases |
27 |
(43) |
(66) |
| |
|
(4,569) |
(5,187) |
| Liabilities directly associated with assets classified as held for sale |
|
(291) |
- |
| Total Liabilities |
|
(7,957) |
(7,580) |
| |
|
|
|
| |
|
|
|
| Net Assets |
|
3,035 |
2,300 |
| Equity |
|
|
|
| Share capital |
29 |
260 |
259 |
| Share premium account |
29 |
1,135 |
1,098 |
| Other reserves |
29 |
223 |
(32) |
| Retained earnings |
29 |
1,390 |
746 |
| Equity attributable to equity holders of the parent |
29 |
3,008 |
2,071 |
Minority interest |
30 |
27 |
229 |
| Total Equity |
|
3,035 |
2,300 |
On behalf of the Board
| Directors: |
|
Todd Stitzer |
| |
|
Ken Hanna |
13 March 2006
|
