Balance sheet

As at 31 July 2009

	Notes	2009 £m	2008 £m
Assets
Non-current assets
Intangible assets: goodwill	12	1,514	1,995
Intangible assets: other	12	709	841
Property, plant and equipment	12	1,593	1,842
Investment in associate		53	–
Financial assets: available-for-sale investments		3	4
Deferred tax assets		244	52
Trade and other receivables		116	96
Derivative financial assets		34	–
		4,266	4,830
Current assets
Inventories		1,624	2,025
Trade and other receivables		1,983	2,804
Current tax receivable		124	18
Financial assets: trading investments		155	5
Derivative financial assets		23	16
Financial receivables: construction loans (secured)		163	237
Cash and cash equivalents		635	321
		4,707	5,426
Assets held for sale		88	43
Total assets		9,061	10,299
Liabilities
Current liabilities
Trade and other payables		2,586	2,956
Current tax payable		173	219
Borrowings: construction loans (unsecured)		163	237
Bank loans and overdrafts		42	276
Obligations under finance leases		12	19
Derivative financial liabilities		25	8
Provisions	13	122	60
Retirement benefit obligations	14	33	22
		3,156	3,797
Non-current liabilities
Trade and other payables		59	68
Bank loans		1,657	2,440
Obligations under finance leases		59	68
Derivative financial liabilities		11	–
Deferred tax liabilities		176	235
Provisions	13	244	118
Retirement benefit obligations	14	308	214
		2,514	3,143
Liabilities of disposal groups held for sale		15	–
Total liabilities		5,685	6,940
Net assets		3,376	3,359
Shareholders’ equity
Called up share capital		241	165
Share premium account		1,152	949
Foreign currency translation reserve		228	(52)
Retained earnings		1,755	2,297
Equity shareholders’ funds	15	3,376	3,359