Company balance sheet

		31 December 2007	31 December 2006 (restated)
Note		£m	£m
	Fixed assets
5	Tangible assets	2	2
6	Investments:
	Subsidiary undertakings	4,263	3,982
	Other investments	1	1
	Total fixed asset investments	4,264	3,983
	Total fixed assets	4,266	3,985


	Current assets
7	Debtors	128	181
	Cash at bank and in hand	246	329
	Total current assets	374	510
8	Creditors: amounts falling due within one year	(1,719)	(1,559)
	Net current liabilities	(1,345)	(1,049)
	Total assets less current liabilities	2,921	2,936
4	Retirement benefit obligations	(12)	(8)
9	Provisions for liabilities and charges	(42)	(35)
	Net assets	2,867	2,893


	Capital and reserves
10/11	Called up share capital	751	746
11	Share premium account	411	402
11	Capital redemption reserve	145	145
11	Capital reserve	415	415
11	Profit and loss account	1,145	1,185
	Shareholders’ funds – equity	2,867	2,893

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