Group Balance Sheet
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| At 31 March 2007 | |||
| Note | 2007 $m |
Restated+ 2006 $m |
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| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment | 12 | 46 | 76 |
| Goodwill | 13 | 785 | 834 |
| Other intangible assets | 13 | 429 | 548 |
| Investments in associates and joint ventures | 14 | 258 | 242 |
| Other investments | 15 | 189 | 2,151 |
| Deferred tax assets | 16 | 72 | 38 |
| Non-current receivables | 17 | 40 | 1,986 |
| 1,819 | 5,875 | ||
| Current assets | |||
| Trade and other receivables | 18 | 842 | 15,191 |
| Current tax assets | 1 | 11 | |
| Derivative financial instruments | 19 | 15 | 5 |
| Short-term investments | 20 | 655 | 7,632 |
| Cash and cash equivalents | 1,571 | 2,825 | |
| 3,084 | 25,664 | ||
| Assets of Brokerage held for sale | 8 | 50,162 | - |
| Total Assets | 55,065 | 31,539 | |
| LIABILITIES | |||
| Non-current liabilities | |||
| Long-term borrowings | 22 | 1,100 | 1,497 |
| Deferred tax liabilities | 16 | 18 | 34 |
| Pension obligations | 5 | 21 | 35 |
| Provisions | 23 | - | 6 |
| Derivative financial instruments | 19 | 9 | 91 |
| Trade and other payables | 21 | 2 | 3,871 |
| 1,150 | 5,534 | ||
| Current liabilities | |||
| Trade and other payables | 21 | 476 | 22,137 |
| Current tax liabilities | 286 | 260 | |
| Short-term borrowings and overdrafts | 22 | 489 | 27 |
| Derivative financial instruments | 19 | 6 | 4 |
| 1,257 | 22,428 | ||
| Liabilities of Brokerage held for sale | 8 | 48,095 | - |
| Total Liabilities | 50,502 | 27,962 | |
| NET ASSETS | 4,563 | 3,577 | |
| EQUITY | |||
| Capital and reserves attributable to shareholders | |||
| Share capital | 24 | 57 | 55 |
| Share premium account | 25 | 962 | 591 |
| Merger reserve | 25 | 722 | 722 |
| Other capital reserves | 25 | 142 | 223 |
| Available for sale reserve | 26 | 120 | 70 |
| Cash flow hedge reserve | 26 | 2 | (2) |
| Retained earnings | 26 | 2,534 | 1,910 |
| 4,539 | 3,569 | ||
| Equity minority interests | 24 | 8 | |
| TOTAL EQUITY | 4,563 | 3,577 | |
| + The restatement in the comparative
period relates to a change in accounting policy to show certain assets
and liabilities in Brokerage on a gross basis, following the acquisition
of the Refco assets in 2006. A fuller explanation is given in Policy
Z in the Principal Accounting Policies section. Approved by the Board of Directors on 31 May 2007 Peter Clarke, Chief Executive Stanley Fink, Deputy Chairman |
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