Parent Company Balance Sheet

At 31 December 2007

Assets	Notes	2007 £m	2006 £m
Cash and cash equivalents	37	0.8	2.2
Financial investments at fair value through income	38	120.0	22.9
Amounts due from subsidiary undertakings	39	340.6	254.3
Current income tax asset		3.2	31.7
Deferred tax assets		0.1	5.5
Investments in subsidiary undertakings	40	802.5	786.2
Property and equipment	41	1.7	1.7
Total assets		1,268.9	1,104.5
Equity
Share capital	22	134.4	133.5
Share premium account		230.8	347.6
Other reserves		7.7	6.6
Treasury shares		(2.1)	(0.6)
Retained earnings		226.4	252.1
Total shareholders' equity		597.2	739.2
Liabilities
Deferred tax liabilities		0.1	–
Trade and other payables		124.6	1.5
Amounts due to subsidiary undertakings		269.6	85.9
Borrowings	42	277.4	277.9
Total liabilities		671.7	365.3
Total liabilities and shareholders' equity		1,268.9	1,104.5

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	Richard Hextall
Chairman	Finance Director