Consolidated balance sheet

as at 30 September 2008

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  Notes 2008
£m		 2007
£m
Non-current assets
Goodwill 10 3,290 2,985
Other intangible assets 11 393 301
Property, plant and equipment 12 463 436
Interests in associates 13 28 25
Other investments 14 17 12
Trade and other receivables 16 66 47
Deferred tax assets* 5 256 240
Derivative financial instruments** 20 19 13
Non-current assets   4,532 4,059
Current assets
Inventories 17 213 179
Trade and other receivables 16 1,577 1,343
Tax recoverable* 19 10
Cash and cash equivalents** 18 579 839
Derivative financial instruments** 20 1 2
Current assets   2,389 2,373
Total assets   6,921 6,432
Current liabilities
Short-term borrowings** 19 (382) (151)
Derivative financial instruments** 20 (4) –
Provisions 22 (113) (86)
Current tax liabilities* (234) (171)
Trade and other payables 21 (2,235) (1,833)
Current liabilities   (2,968) (2,241)
Non-current liabilities
Long-term borrowings** 19 (1,212) (1,452)
Derivative financial instruments** 20 (6) (15)
Post-employment benefit obligations 23 (131) (162)
Provisions 22 (341) (351)
Deferred tax liabilities* 5 (24) (5)
Trade and other payables 21 (33) (36)
Non-current liabilities   (1,747) (2,021)
Total liabilities   (4,715) (4,262)
Net assets   2,206 2,170
Equity
Share capital 24, 25 184 193
Share premium account 25 178 122
Capital redemption reserve 25 44 33
Less: Own shares 25 (4) (1)
Other reserves 25 4,401 4,312
Retained earnings 25 (2,616) (2,511)
Total equity shareholders’ funds 2,187 2,148
Minority interests 25 19 22
Total equity   2,206 2,170

* Component of current and deferred taxes ** Component of net debt

Approved by the Board of directors on 26 November 2008 and signed on their behalf by

Richard J Cousins, Director
Andrew D Martin, Director