Section image

Cherries
oil on canvas
22 x 20 in
1981

Penny Machines
oil on canvas
23¾ x 29¾ in
1961

Stack of Books
oil on canvas
30 x 24 in
n.d.

Seven Suckers
oil on canvas
19 x 23 in
1970

Twin Jackpots
oil on canvas
30 x 46 in
1962

Ties
oil on canvas
20 x 26 in
1980

Cake Slices
oil on canvas
20 x 16 in
n.d.

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:

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