Balance Sheet

Download the Balance Sheet in PDF format (30 KB)

At 31 December 2009

		Group			Company
	Notes	2009 £m	2008 £m	2007 £m	2009 £m	2008 £m
Non-current assets
Intangible assets – goodwill	12	1,131	975	694	-	-
– other	13	298	223	59	-	-
Property, plant and equipment	14	315	296	215	1	1
Investments in joint ventures and associates	15	458	469	381	-	-
Investments	16	83	55	57	2,095	1,738
PPP financial assets	17	260	151	62	-	-
Deferred tax assets	24	183	132	125	4	-
Derivative financial instruments	20	1	3	3	1	3
Trade and other receivables	21	89	74	77	31	31
		2,818	2,378	1,673	2,132	1,773
Current assets
Inventories	18	100	125	72	-	-
Due from customers for contract work	19	524	383	338	-	-
Derivative financial instruments	20	-	2	1	1	68
Trade and other receivables	21	1,329	1,193	881	1,057	587
Current tax assets		5	-	-	-	23
Cash and cash equivalents - PPP subsidiaries	23	10	2	3	-	-
– other	23	608	461	391	143	50
		2,576	2,166	1,686	1,201	728
Total assets		5,394	4,544	3,359	3,333	2,501
Current liabilities
Trade and other payables	22	(2,412)	(2,168)	(1,718)	(1,898)	(1,460)
Due to customers for contract work	19	(581)	(540)	(415)	-	-
Derivative financial instruments	20	(1)	(66)	(6)	(1)	(68)
Current tax liabilities		(8)	(23)	(7)	(2)	-
Borrowings - PPP non-recourse loans	23	(19)	-	(3)	-	-
– other	23	(23)	(12)	(16)	(53)	(51)
		(3,044)	(2,809)	(2,165)	(1,954)	(1,579)
Non-current liabilities
Trade and other payables	22	(163)	(152)	(135)	(25)	(25)
Derivative financial instruments	20	(24)	(40)	(6)	(1)	(3)
Borrowings – PPP non-recourse loans	23	(239)	(145)	(61)	-	-
– other	23	(13)	(9)	(1)	-	-
Deferred tax liabilities	24	(9)	(10)	(7)	-	(1)
Liability component of preference shares	27	(88)	(87)	(87)	(88)	(87)
Retirement benefit obligations	25	(586)	(261)	(286)	(18)	(7)
Provisions	26	(222)	(166)	(128)	(9)	(11)
		(1,344)	(870)	(711)	(141)	(134)
Total liabilities		(4,388)	(3,679)	(2,876)	(2,095)	(1,713)
Net assets		1,006	865	483	1,238	788
Equity
Called-up share capital	27	343	239	216	343	239
Share premium account	28	57	54	52	57	54
Equity component of preference shares	28	16	16	16	16	16
Special reserve	28	32	139	164	32	139
Share of joint ventures’ and associates’ reserves	28	164	230	178	-	-
Other reserves	28	288	79	9	317	64
Retained profits/(accumulated losses)	28	102	104	(152)	473	276
Equity attributable to equity holders of the parent		1,002	861	483	1,238	788
Non-controlling interests	28	4	4	-	-	-
Total equity		1,006	865	483	1,238	788

On behalf of the Board

Steve Marshall Director
Duncan Magrath Director

3 March 2010


The notes to the accounts (PDF, 372 KB) form part of these financial statements.

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