Consolidated balance sheet

at 31 December 2007

Note		31 December 2007 £m	31 December 2006 £m
	Non-current assets
12	Goodwill	733	226
13	Other intangible assets	168	199
14	Property, plant and equipment	5,721	4,435
15	Investments in joint ventures and associates	1,279	1,264
16	Other investments	13	26
17	Finance lease receivables	1,252	1,045
18	Other long-term receivables	91	94
19	Deferred tax assets	142	93
22	Derivative financial assets	45	38
	Total non-current assets	9,444	7,420
	Current assets
20	Inventories	158	141
21	Trade and other receivables	726	402
17	Finance lease receivables	41	33
22	Derivative financial assets	223	243
	Assets held for trading	–	42
23	Cash and cash equivalents	1,161	980
		2,309	1,841
24	Non-current assets classified as held for sale	–	128
	Total current assets	2,309	1,969
	Total assets	11,753	9,389
	Current liabilities
25	Loans and bonds	539	241
22	Derivative financial liabilities	508	204
27	Trade and other payables	709	529
	Current tax liabilities	203	142
28	Provisions	83	58
	Total current liabilities	2,042	1,174
	Non-current liabilities
25	Loans and bonds	5,284	4,356
22	Derivative financial liabilities	326	226
	Other payables	30	40
7	Retirement benefit obligations	22	25
28	Provisions	91	126
19	Deferred tax liabilities	951	702
	Total non-current liabilities	6,704	5,475
	Total liabilities	8,746	6,649
	Net assets	3,007	2,740

	Equity
30	Share capital	751	746
30	Share premium account	411	402
30	Capital redemption reserve	145	145
30	Capital and revaluation reserves	413	422
30	Hedging and translation reserves	(49)	(72)
30	Retained earnings	1,173	819
	Total equity attributable to equity holders of the parent	2,844	2,462
	Minority interests	163	278
	Total equity	3,007	2,740

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2008 and signed on its behalf by

Philip Cox
Chief Executive Officer

Mark Williamson
Chief Financial Officer

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