Parent Company Balance Sheet

At 31 December 2008

Assets	Notes	2008 £m	2007 £m
Cash and cash equivalents	37	0.5	0.8
Financial investments at fair value through income	38	15.5	120.0
Amounts due from subsidiary undertakings	39	214.2	340.6
Current income tax asset		31.0	3.2
Deferred tax assets		–	0.1
Investments in subsidiary undertakings	40	802.5	802.5
Property and equipment	41	3.9	1.7
Total assets		1,067.6	1,268.9

Equity
Share capital	22	134.6	134.4
Share premium account		231.5	230.8
Other reserves		52.6	7.7
Treasury shares		(25.1)	(2.1)
Retained earnings		149.0	226.4
Total shareholders’ equity		542.6	597.2

Liabilities
Deferred tax liabilities		–	0.1
Trade and other payables	42	3.8	124.6
Amounts due to subsidiary undertakings		225.3	269.6
Borrowings	43	295.9	277.4
Total liabilities		525.0	671.7
Total liabilities and shareholders’ equity		1,067.6	1,268.9

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2008. They were signed on its behalf by:

Roger Taylor
Chairman

Richard Hextall
Group Finance Director