Group Company
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1996 1995 1996 1995
24 February 1996 Note £m £m £m £m
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Fixed assets
Tangible assets 11 5,466 5,204 - -
Investments 12 19 10 3,224 3,458
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5,485 5,214 3,224 3,458
Current assets
Stocks 13 559 415 - -
Debtors 14 80 104 1,093 488
Investments 15 54 131 31 101
Cash at bank and in hand 38 44 - -
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731 694 1,124 589
Creditors: falling due within one year 16 2,002 1,781 1,581 1,353
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Net current liabilities (1,271) (1,087) (457) (764)
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Total assets less current liabilities 4,214 4,127 2,767 2,694
Creditors: falling due after more than one year
Convertible capital bonds 17 - 200 - -
Other 18 598 721 485 753
Provisions for liabilities and charges 20 22 93 83 79
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3,594 3,113 2,199 1,862
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Capital and reserves
Called up share capital 22 108 103 108 103
Share premium account 24 1,383 1,152 1,383 1,152
Other reserves 24 40 40 - -
Profit and loss account 24 2,057 1,809 708 607
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Equity shareholders’ funds 3,588 3,104 2,199 1,862
Minority equity interests 6 9 - -
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3,594 3,113 2,199 1,862
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Sir Ian MacLaurin, DL
D E Reid, C.A.
Directors
Financial statements approved by the Board on 15 April 1996
Accounting policies and notes forming part of these financial statements are on pages
38 to 57.
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