CONSOLIDATED
BALANCE SHEET
Annual Report PDF
As at 31 December Notes 2019
£m
2018
£m
Non-current assets      
Goodwill 13 480 497
Other intangible assets 13 200 189
Property, plant and equipment 12 2,428 3,343
Derivative financial instruments 17 22 13
Deferred tax assets 14 402 593
Trade and other receivables 15 84 113
    3,616 4,748
Current assets      
Inventories 16 87 87
Trade and other receivables 15 380 397
Derivative financial instruments 17 160 26
Current tax assets   70 97
Assets held for sale 11 12 -
Cash and cash equivalents 22 361 639
    1,070 1,246
Total assets   4,686 5,994




As at 31 December Notes 2019
£m
2018
£m
Current liabilities      
Trade and other payables 18 (378) (429)
Current tax liabilities   (197) (251)
Lease liabilities 22 (23) (11)
Derivative financial instruments 17 (9) (50)
Provisions for other liabilities and charges 19 (132) (167)
Liabilities associated with assets held for sale 11 (6) -
    (745) (908)
Non-current liabilities      
Deferred tax liabilities 14 (131) (277)
Provisions for other liabilities and charges 19 (1,787) (2,096)
Lease liabilities 22 (63) -
Derivative financial instruments 17 (1) (12)
Trade and other payables 18 (87) (105)
    (2,069) (2,490)
Total liabilities   (2,814) (3,398)
Net assets   1,872 2,596
Equity      
Share capital 23 19 19
Share premium 24 1,094 2,594
Retained losses   (866) (1,700)
Other equity S4 1,625 1,683
Shareholders’ equity   1,872 2,596

The Consolidated financial statements on pages 25 to 78, of which the notes on pages 31 to 78 form part, were approved and authorised by the Board of Directors on 27 May 2020 and were signed below on its behalf by:

Chris Cox
Director and Chief Executive Officer