|
| AS AT 28 FEBRUARY 1998 |
| |
|
|
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|
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|
|
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| 31 August |
|
|
|
|
|
|
28 February |
|
28 February |
| 1997 |
|
|
|
|
|
|
1998 |
|
1997 |
| £m |
|
|
|
|
Note |
|
£m |
|
£m |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Fixed assets |
|
|
|
|
|
|
|
| 2,728 |
|
Tangible assets |
|
|
|
|
2,711 |
|
2,738 |
| 123 |
|
Investments and loans |
|
|
|
|
114 |
|
119 |
| (58) |
|
Less: non recourse finance |
|
|
|
|
(62) |
|
(55) |
| 65 |
|
|
|
|
|
|
52 |
|
64 |
| 142 |
|
Associated undertakings |
|
|
|
|
134 |
|
141 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| 2,935 |
|
Total fixed assets |
|
|
|
|
2,897 |
|
2,943 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
|
Current assets |
|
|
|
|
|
|
|
| 996 |
|
Stocks |
|
|
|
|
998 |
|
1,054 |
| 729 |
|
Debtors due within one year |
|
|
|
|
707 |
|
719 |
| 286 |
|
Debtors due after more than one year |
|
|
|
|
310 |
|
220 |
| 232 |
|
Cash at bank and in hand |
|
|
|
|
187 |
|
284 |
| |
|
Creditors (due within one year) |
|
|
|
|
|
|
|
| (309) |
|
Short-term borrowings |
|
|
|
|
(350) |
|
(443) |
| (155) |
|
Dividends |
|
|
|
|
(103) |
|
(98) |
| (1,191) |
|
Other creditors |
|
|
|
|
(1,012) |
|
(1,100) |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| 588 |
|
Net current assets |
|
|
|
|
737 |
|
636 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| 3,523 |
|
Total assets less current liabilities |
|
|
|
|
3,634 |
|
3,579 |
| |
|
Creditors (due after one year) |
|
|
|
|
|
|
|
| (1,065) |
|
Loan capital (including convertible debt) |
|
|
|
|
(1,097) |
|
(1,069) |
| (37) |
|
Other creditors |
|
|
|
|
(36) |
|
(65) |
| (149) |
|
Provisions for liabilities and charges |
|
|
|
|
(163) |
|
(158) |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| 2,272 |
|
Net assets |
|
|
|
|
2,338 |
|
2,287 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
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|
|
|
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| |
|
Capital and reserves (attributable to equity and non-equity interests) |
|
|
|
|
|
|
|
| 269 |
|
Called up share capital |
|
|
|
|
270 |
|
269 |
| 514 |
|
Share premium account |
|
|
|
|
521 |
|
512 |
| 956 |
|
Revaluation reserve |
|
|
|
|
946 |
|
972 |
| 397 |
|
Profit and loss account |
|
|
|
|
488 |
|
407 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| 2,136 |
|
Shareholders' funds |
|
|
5 |
|
2,225 |
|
2,160 |
| 124 |
|
Minority interests |
- equity |
|
|
|
105 |
|
114 |
| 12 |
|
|
- non-equity |
|
|
|
8 |
|
13 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| 2,272 |
|
|
|
|
|
|
2,338 |
|
2,287 |
| |
|
|
|
|
|
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|
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