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GROUP BALANCE SHEET - Centrica plc

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GROUP BALANCE SHEET - Centrica plc Powered By Docstoc
					Group Balance Sheet

                                                                                                                                                                                                2008 (restated) 2007 (restated)
                                                                                                                                                                                       2009         (i), (ii), (iii)    (ii), (iii)
31 December                                                                                                                                                         Notes                £m                  £m                £m

Non-current assets
Goodwill                                                                                                                                                               15             2,088              1,510              1,074
Other intangible assets                                                                                                                                                16               734                 671               465
                                         (i)
Property, plant and equipment                                                                                                                                          18             6,059              4,689              3,910
Interests in joint ventures and associates                                                                                                                             19             2,422                 330               285
Deferred tax assets                                                                                                                                                    27               534                 311                 27
Trade and other receivables                                                                                                                                            21               143                  34                 33
                                           (ii)
Derivative financial instruments                                                                                                                                       22               316                 869               496
Securities                                                                                                                                                             29               176                  35                39
Retirement benefit assets                                                                                                                                              36                 -                  73               152
                                                                                                                                                                                    12,472               8,522              6,481
Current assets
Inventories                                                                                                                                                            20               382                 412               241
Current tax assets                                                                                                                                                     27                69                  39                 40
Trade and other receivables                                                                                                                                            21             4,181              5,335              3,423
                                           (ii)
Derivative financial instruments                                                                                                                                       22               492              1,156                592
Securities                                                                                                                                                             29                74                 63                 50
Cash and cash equivalents                                                                                                                                              24             1,294              2,939              1,130
                                                                                                                                                                                      6,492              9,944              5,476
Assets of disposal groups classified as held for sale                                                                                                                  38               478                   -                  -
Total assets                                                                                                                                                                        19,442              18,466             11,957
Current liabilities
                                 (iii)
Trade and other payables                                                                                                                                               25            -3,955              -4,395            -3,400
Current tax liabilities                                                                                                                                                                -184                -357              -274
Bank overdrafts, loans and other borrowings                                                                                                                            26                -86               -330              -221
Derivative financial instruments (ii)                                                                                                                                  22            -1,744              -2,670              -694
Provisions for other liabilities and charges                                                                                                                           28              -193                 -29              -140
                                                                                                                                                                                     -6,162              -7,781            -4,729
Net current assets                                                                                                                                                                      330              2,163                747
Non-current liabilities
Trade and other payables                                                                                                                                               25                -82                -67                -20
Bank overdrafts, loans and other borrowings                                                                                                                            26            -4,594              -3,218            -1,793
                                           (ii)
Derivative financial instruments                                                                                                                                       22            -1,006              -1,529              -823
Deferred tax liabilities                                                                                                                                               27            -1,179                -448              -596
Retirement benefit obligations                                                                                                                                         36              -565                -186               -55
Provisions for other liabilities and charges                                                                                                                           28            -1,249                -865              -581
                                                                                                                                                                                     -8,675              -6,313            -3,868
Liabilities of disposal groups classified as held for sale                                                                                                             38              -350                   -                  -
Net assets                                                                                                                                                                            4,255              4,372              3,360


    (i) Restated to capitalise borrowing costs on adoption of IAS 23 (Amendment), as explained in note 2.
    (ii) Restated to classify the non-current portions of derivative financial instruments from current assets and liabilities to non-current assets and liabilities, as explained in note 2.
    (iii) Restated to reflect the change in British Gas Services Limited’s revenue recognition policy, as explained in note 2.



                                                                                                                                                                                                2008 (restated) 2007 (restated)
                                                                                                                                                                                       2009               (i),(ii)           (ii)
31 December                                                                                                                                                         Notes                £m                  £m             £m

Equity
Called up share capital                                                                                                                                                30               317                 315               227
Share premium account                                                                                                                                                                   778                 729               685
                      (i),(ii)                                                                                                                                                                                              1,301
Retained earnings                                                                                                                                                                     3,103              2,759
Accumulated other comprehensive (loss)/income                                                                                                                          31              -587                 -40               546
Other equity                                                                                                                                                           32               581                 549               542
Total shareholders’ equity                                                                                                                                                            4,192              4,312              3,301
Minority interests in equity                                                                                                                                           33                63                 60                  59
Total minority interests and shareholders’ equity                                                                                                                                     4,255              4,372              3,360


    (i) Restated to capitalise borrowing costs on adoption of IAS 23 (Amendment), as explained in note 2.
  (ii) Restated to reflect the change in British Gas Services Limited’s revenue recognition policy, as explained in note 2.


The Financial Statements on pages 62 to 150 were approved and authorised for issue by the Board of Directors on 25 February 2010 and were signed
below on its behalf by:




Sam Laidlaw                             Nick Luff
Chief Executive                         Group Finance Director

The notes on pages 68 to 150 form part of these Financial Statements.

				
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