Notes | Group 2006 £m |
Group 2005 (as restated)* £m |
Company 2006 £m |
Company 2005 (as restated)* £m |
|
---|---|---|---|---|---|
Assets | |||||
Non-current assets | |||||
Investments | |||||
Quoted equity investments | 15 | 259 | 235 | 173 | 203 |
Unquoted equity investments | 15 | 2,514 | 2,682 | 1,349 | 1,899 |
Loans and receivables | 15 | 1,366 | 1,400 | 735 | 987 |
Investment portfolio | 4,139 | 4,317 | 2,257 | 3,089 | |
Carried interest receivable | 77 | 9 | 77 | 9 | |
Interests in joint ventures | 16 | - | 46 | - | 14 |
Interests in Group entities | 17 | - | - | 1,483 | 981 |
Property, plant and equipment | 18 | 31 | 33 | 9 | 25 |
Investment property | 19 | - | 6 | - | - |
Total non-current assets | 4,247 | 4,411 | 3,826 | 4,118 | |
Current assets | |||||
Other current assets | 20 | 149 | 116 | 193 | 165 |
Derivative financial instruments | 22 | 19 | 35 | 19 | 35 |
Deposits | 1,108 | 885 | 1,052 | 791 | |
Cash and cash equivalents | 847 | 314 | 776 | 279 | |
Total current assets | 2,123 | 1,350 | 2,040 | 1,270 | |
Total assets | 6,370 | 5,761 | 5,866 | 5,388 | |
Liabilities | |||||
Non-current liabilities | |||||
Carried interest payable | (83) | (71) | (83) | (71) | |
Loans and borrowings | 23 | (1,243) | (1,196) | (968) | (879) |
Convertible Bonds | 24 | (365) | (352) | (365) | (352) |
Subordinated liabilities | 25 | (24) | (50) | - | - |
Retirement benefit obligation | 9 | (17) | (23) | - | - |
Deferred income tax | 14 | (1) | (1) | - | - |
Provisions | 27 | (5) | (5) | - | - |
Total non-current liabilities | (1,738) | (1,698) | (1,416) | (1,302) | |
Current liabilities | |||||
Trade and other payables | 26 | (160) | (135) | (271) | (254) |
Carried interest payable | (60) | (38) | (60) | (38) | |
Loans and borrowings | 23 | (231) | (102) | (230) | (102) |
Derivative financial instruments | 22 | (168) | (80) | (160) | (66) |
Current income tax | (2) | (2) | - | - | |
Provisions | 27 | (5) | (7) | - | - |
Total current liabilities | (626) | (364) | (721) | (460) | |
Total liabilities | (2,364) | (2,062) | (2,137) | (1,762) | |
Net assets | 4,006 | 3,699 | 3,729 | 3,626 | |
Equity | |||||
Issued capital | 28 | 292 | 307 | 292 | 307 |
Share premium | 29 | 376 | 364 | 376 | 364 |
Capital redemption reserve | 29 | 17 | 1 | 17 | 1 |
Share-based payment reserve | 29 | 17 | 9 | - | - |
Translation reserve | 29 | - | 5 | - | - |
Capital reserve | 29 | 3,110 | 2,613 | 2,767 | 2,433 |
Revenue reserve | 29 | 263 | 477 | 277 | 521 |
Own shares | 29 | (69) | (77) | - | - |
Total equity | 29 | 4,006 | 3,699 | 3,729 | 3,626 |
* As restated for the adoption of IFRS.