Group balance sheet
As at 31 July 2009

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	Notes	2009 £m	2008 £m
Assets
Non-current assets
Intangible assets: goodwill	14	1,514	1,995
Intangible assets: other	15	709	841
Property, plant and equipment	16	1,593	1,842
Investment in associate	17	53	–
Financial assets: available-for-sale investments	18	3	4
Deferred tax assets	19	244	52
Trade and other receivables	21	116	96
Derivative financial assets	23	34	–
		4,266	4,830
Current assets
Inventories	20	1,624	2,025
Trade and other receivables	21	1,983	2,804
Current tax receivable		124	18
Financial assets: trading investments	22	155	5
Derivative financial assets	23	23	16
Financial receivables: construction loans (secured)	24	163	237
Cash and cash equivalents	25	635	321
		4,707	5,426
Assets held for sale	26	88	43
Total assets		9,061	10,299
Liabilities
Current liabilities
Trade and other payables	27	2,586	2,956
Current tax payable		173	219
Borrowings: construction loans (unsecured)	24	163	237
Bank loans and overdrafts	28	42	276
Obligations under finance leases	30	12	19
Derivative financial liabilities	23	25	8
Provisions	31	122	60
Retirement benefit obligations	32	33	22
		3,156	3,797
Non-current liabilities
Trade and other payables	27	59	68
Bank loans	28	1,657	2,440
Obligations under finance leases	30	59	68
Derivative financial liabilities	23	11	–
Deferred tax liabilities	19	176	235
Provisions	31	244	118
Retirement benefit obligations	32	308	214
		2,514	3,143
Liabilities of disposal groups held for sale	26	15	–
Total liabilities		5,685	6,940
Net assets		3,376	3,359
Shareholders’ equity
Called up share capital	33	241	165
Share premium account	35	1,152	949
Foreign currency translation reserve	35	228	(52)
Retained earnings	35	1,755	2,297
Equity shareholders’ funds		3,376	3,359

The consolidated financial statements were approved by the Board of Directors on 28 September 2009 and were signed on its behalf by

Group Chief Executive signature
Ian K Meakins
Group Chief Executive

Steve Webster’s signature
Stephen P Webster
Chief Financial Officer

The accompanying notes are an integral part of these consolidated financial statements.

Group balance sheetAs at 31 July 2009

Group balance sheet
As at 31 July 2009