- Strategy & performance
In this section we give an overview of our performance in 2010, plus objectives and our outlook for 2011.
- Business review
Find out about how each of our businesses have performed this year, plus our outlook for each in 2011.
Business overview
For an at a glance overview of the performance of each of our businesses.
- Governance
Find out about how we govern the company, our remuneration policies, the director’s report and a statement of their responsibilities.
- Financials
Including consolidated statements, the auditor’s report, notes to the accounts and a five year summary.
- Shareholder
information
For useful share management and investor information, including key dates for the diary and contact information.
Annual General Meeting
Will be held on Wednesday 11 May 2011 at 11.00 am
| At 31 December | Notes |
2010 £m |
2009 £m |
|---|---|---|---|
| Fixed assets |
|
|
|
| Investments | 4 | 257.8 | 256.0 |
| Derivative financial instruments (due after more than one year) | 6 | 39.7 | 27.3 |
|
|
|
297.5 | 283.3 |
| Current assets |
|
|
|
| Debtors – amounts falling due within one year | 5 | 327.5 | 158.6 |
| Debtors – amounts falling due after more than one year | 5 | 2,457.9 | 2,457.9 |
| Derivative financial instruments (due within one year) | 6 | 0.9 | 12.7 |
| Short-term deposits and cash |
|
2.6 | 11.7 |
|
|
|
2,788.9 | 2,640.9 |
| Creditors – amounts falling due within one year |
|
|
|
| Creditors | 7 | (1,035.9) | (752.3) |
| Bank and other borrowings | 8 | (233.4) | (340.4) |
| Derivative financial instruments | 6 | (2.5) | (13.3) |
|
|
|
(1,271.8) | (1,106.0) |
| Net current assets/(liabilities) |
|
1,517.1 | 1,534.9 |
| Creditors – amounts falling due after more than one year |
|
|
|
| Bank and other borrowings | 8 | (977.5) | (1,109.8) |
| Derivative financial instruments | 6 | (29.8) | (4.4) |
|
|
|
(1,007.3) | (1,114.2) |
| Net assets |
|
807.3 | 704.0 |
| Equity capital and reserves |
|
|
|
| Share capital | 9 | 18.1 | 18.1 |
| Share premium | 10 | 6.8 | 6.8 |
| Profit and loss account | 11 | 782.4 | 679.1 |
| Capital employed |
|
807.3 | 704.0 |
The financial statements were approved by the board of directors on 14 March 2011 and were signed on its behalf by:
Alan Brown
Chief Executive
Jeremy Townsend
Chief Financial Officer