Accounts

Company balance sheet

At 29 January 2011

£ millions Notes 2010/11 2009/10
Fixed assets      
Tangible fixed assets 3 - 1
Investments 4 6,770 6,765
    6,770 6,766
Current assets      
Debtors due within one year 5 2,890 2,576
Debtors due after more than one year 5 69 88
Cash at bank and in hand   446 927
    3,405 3,591
Current liabilities      
Creditors: amounts falling due within one year 6 (5,143) (4,848)
Net current liabilities   (1,738) (1,257)
Total assets less current liabilities   5,032 5,509
Non-current liabilities      
Creditors: amounts falling due after more than one year 7 (521) (859)
Provisions for liabilities 8 (6) (7)
    (527) (866)
Net assets excluding net pension asset/(liability)   4,505 4,643
Net pension asset/(liability) 9 2 (5)
Net assets   4,507 4,638
Capital and reserves      
Called up share capital 10 371 371
Share premium account 11 2,194 2,191
Other reserves 11 711 711
Profit and loss account 11 1,231 1,365
Equity shareholders' funds 12 4,507 4,638

The financial statements were approved by the Board of Directors on 23 March 2011 and signed on its behalf by:

Ian Cheshire
Group Chief Executive

Kevin O'Byrne
Group Finance Director