Section image

Consolidated balance sheet

At 31 December 2009		2009	2008
	Notes	£m	£m
Non-current assets
Intangible assets:
Goodwill	12	8,697.5	9,093.2
Other	12	2,000.7	2,295.8
Property, plant and equipment	13	680.5	690.7
Interests in associates	14	729.3	714.3
Other investments	14	294.6	310.9
Deferred tax assets	15	67.5	65.6
Trade and other receivables	17	286.1	185.2
		12,756.2	13,355.7
Current assets
Inventory and work in progress	16	306.7	343.9
Corporate income tax recoverable		73.0	53.1
Trade and other receivables	17	7,548.9	8,138.1
Cash and short-term deposits		1,666.7	2,572.5
		9,595.3	11,107.6
Current liabilities
Trade and other payables	18	(9,774.0)	(10,407.7)
Corporate income tax payable		(71.6)	(87.8)
Bank overdrafts and loans	20	(720.7)	(1,640.8)
		(10,566.3)	(12,136.3)
Net current liabilities		(971.0)	(1,028.7)
Total assets less current liabilities		11,785.2	12,327.0
Non-current liabilities
Bonds and bank loans	20	(3,586.4)	(3,999.3)
Trade and other payables	19	(423.3)	(553.9)
Corporate income tax liability		(485.5)	(489.0)
Deferred tax liabilities	15	(809.6)	(917.1)
Provision for post-employment benefits	23	(251.8)	(272.0)
Provisions for liabilities and charges	21	(152.9)	(135.9)
		(5,709.5)	(6,367.2)
Net assets		6,075.7	5,959.8
Equity
Called-up share capital	26	125.6	125.5
Share premium account		12.6	8.6
Shares to be issued		5.5	8.7
Merger reserve		(5,138.0)	(5,138.8)
Other reserves	27	1,093.1	1,250.5
Own shares		(154.0)	(189.8)
Retained earnings		9,949.2	9,697.5
Equity share owners’ funds		5,894.0	5,762.2
Minority interests		181.7	197.6
Total equity		6,075.7	5,959.8

Note

The accompanying notes form an integral part of this consolidated balance sheet.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2010.

Signed on behalf of the Board:

Sir Martin Sorrell

Group chief executive

Paul Richardson

Group finance director

• Previous page
• Next page