| 31 August |
|
|
28 February |
|
28 February |
| 1998 |
|
|
1999 |
|
1998 |
| £m |
|
Note |
£m |
|
£m |
| |
|
|
|
|
|
| |
Fixed assets |
|
|
|
|
| - |
Intangible assets |
|
7 |
|
- |
| 2,621 |
Tangible assets |
|
2,583 |
|
2,711 |
| 99 |
Investments and loans |
|
82 |
|
114 |
| (52) |
Less: non recourse finance |
|
(45) |
|
(62) |
| 47 |
|
|
37 |
|
52 |
| 133 |
Associated undertakings |
|
138 |
|
134 |
| 242 |
Joint venture undertaking
- share of gross assets |
|
260 |
|
- |
| (97) |
- share of gross liabilities |
|
(125) |
|
- |
| 145 |
|
|
135 |
|
- |
| |
|
|
|
|
|
| 2,946 |
Total fixed assets |
|
2,900 |
|
2,897 |
| |
|
|
|
|
|
| |
Current assets |
|
|
|
|
| 874 |
Stocks |
|
883 |
|
998 |
| 783 |
Debtors due within one year |
|
761 |
|
707 |
| 263 |
Debtors due after one year |
|
255 |
|
310 |
| 117 |
Cash at bank and in hand |
8 |
270 |
|
187 |
| |
Creditors (due within one year) |
|
|
|
|
| (660) |
Short-term borrowings |
8 |
(761) |
|
(350) |
| (163) |
Dividends |
|
(157) |
|
(103) |
| (1,061) |
Other creditors |
|
(951) |
|
(1,012) |
| |
|
|
|
|
|
| 153 |
Net current assets |
|
300 |
|
737 |
| |
|
|
|
|
|
| 3,099 |
Total assets less current liabilities |
|
3,200 |
|
3,634 |
| |
Creditors (due after one year) |
|
|
|
|
| (858) |
Loan capital |
8 |
(627) |
|
(1,097) |
| (32) |
Other creditors |
|
(40) |
|
(36) |
| (142) |
Provisions for liabilities and charges |
|
(160) |
|
(163) |
| |
|
|
|
|
|
| 2,067 |
Net assets |
|
2,373 |
|
2,338 |
| |
|
|
|
|
|
| |
Capital and reserves
(attributable to equity and non-equity interests) |
|
|
|
|
| 270 |
Called up share capital |
|
262 |
|
270 |
| 537 |
Share premium account |
|
542 |
|
521 |
| - |
Capital redemption reserve |
|
9 |
|
- |
| 976 |
Revaluation reserve |
|
967 |
|
946 |
| 245 |
Profit and loss account |
|
569 |
|
488 |
| |
|
|
|
|
|
| 2,028 |
Shareholders' funds |
5 |
2,349 |
|
2,225 |
| 31 |
Minority interests
- equity |
|
22 |
|
105 |
| 8 |
- non-equity |
|
2 |
|
8 |
| |
|
|
|
|
|
| 2,067 |
|
|
2,373 |
|
2,338 |
