International Power Annual Report 2005 - Financial statements

	AT 31 DECEMBER 2005	31 December 2005	31 December 2004
Note		£m	£m
	Non-current assets
12	Goodwill	189	197
13	Other intangible assets	194	9
14	Property, plant and equipment	4,207	3,542
15	Investments in joint ventures and associates	1,375	1,169
16	Other investments	4	86
17	Finance lease receivables	448	484
18	Other long-term receivables	97	101
19	Deferred tax assets	78	79
	Total non-current assets	6,592	5,667
	Current assets
20	Inventories	110	91
21	Trade and other receivables	396	227
17	Finance lease receivables	12	11
22	Derivative financial instruments	268	-
	Assets held for trading	52	47
23	Cash and cash equivalents	620	565
	Total current assets	1,458	941
	Total assets	8,050	6,608
	Current liabilities
24	Loans and bonds	187	100
22	Derivative financial instruments	496	-
25	Trade and other payables	511	362
	Current tax liabilities	106	83
	Total current liabilities	1,300	545
	Non-current liabilities
24	Loans and bonds	3,464	3,257
22	Derivative financial instruments	191	-
26	Trade and other payables	95	170
27	Retirement benefit obligations	27	29
27	Provisions	41	35
19	Deferred tax liabilities	557	514
	Total non-current liabilities	4,375	4,005
	Total liabilities	5,675	4,550
	Net assets	2,375	2,058
	Equity
28/29	Share capital	737	737
29	Share premium reserve	394	392
29	Capital redemption reserve	145	145
29	Capital reserve	422	422
29	Hedging and translation reserves	(69)	(39)
29	Retained earnings	463	176
	Total equity attributable to equity holders of the parent	2,092	1,833
	Minority interests	283	225
	Total equity	2,375	2,058

The financial statements were approved by the Board of Directors on 6 March 2006 and signed on its behalf by

Philip Cox
Chief Executive Officer

Mark Williamson
Chief Financial Officer

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