Centrica - Annual Report and Accounts 2006 - Financial Statements

31 December	Notes	2006 £m	2005 £m
Non-current assets
Goodwill	12	1,055	1,170
Other intangible assets	13	422	569
Property, plant and equipment	15	3,679	3,670
Interests in joint ventures and associates	16	220	223
Deferred tax assets	22	226	296
Trade and other receivables	18	16	25
Financial assets:
Derivative financial instruments	33	17	231
Other financial assets		37	45
		5,672	6,229
Current assets
Inventories	17	270	196
Current tax assets	22	98	–
Trade and other receivables	18	3,590	3,421
Financial assets:
Derivative financial instruments	33	760	2,159
Other financial assets		49	46
Cash and cash equivalents	19	640	1,239
		5,407	7,061
Total assets		11,079	13,290
Current liabilities
Trade and other payables	21	(3,291)	(3,541)
Current tax liabilities		(180)	(269)
Financial liabilities:
Bank overdrafts and loans	20	(181)	(655)
Derivative financial instruments	33	(1,737)	(1,787)
Provisions for other liabilities and charges	23	(130)	(143)
		(5,519)	(6,395)
Net current (liabilities)/assets		(112)	666
Non-current liabilities
Trade and other payables	21	(55)	(102)
Financial liabilities:
Bank loans and other borrowings	20	(2,555)	(2,267)
Derivative financial instruments	33	(220)	(52)
Deferred tax liabilities	22	(241)	(743)
Retirement benefit obligation	30	(296)	(807)
Provisions for other liabilities and charges	23	(551)	(482)
		(3,918)	(4,453)
Net assets		1,642	2,442
Equity
Called up share capital	24	226	224
Share premium account	26	657	595
Merger reserve	26	467	467
Capital redemption reserve	26	16	15
Other reserves	26	219	1,085
Shareholders' equity	26	1,585	2,386
Minority interests in equity	27	57	56
Total minority interests and shareholders' equity		1,642	2,442

31 December

Notes

2006
£m

2005
£m

Non-current assets

Goodwill

1,055

1,170

Other intangible assets

422

569

Property, plant and equipment

3,679

3,670

Interests in joint ventures and associates

220

223

Deferred tax assets

226

296

Trade and other receivables

Financial assets:

Derivative financial instruments

231

Other financial assets

5,672

6,229

Current assets

Inventories

270

196

Current tax assets

–

Trade and other receivables

3,590

3,421

Financial assets:

Derivative financial instruments

760

2,159

Other financial assets

Cash and cash equivalents

640

1,239

5,407

7,061

Total assets

11,079

13,290

Current liabilities

Trade and other payables

(3,291)

(3,541)

Current tax liabilities

(180)

(269)

Financial liabilities:

Bank overdrafts and loans

(181)

(655)

Derivative financial instruments

(1,737)

(1,787)

Provisions for other liabilities and charges

(130)

(143)

(5,519)

(6,395)

Net current (liabilities)/assets

(112)

666

Non-current liabilities

Trade and other payables

(55)

(102)

Financial liabilities:

Bank loans and other borrowings

(2,555)

(2,267)

Derivative financial instruments

(220)

(52)

Deferred tax liabilities

(241)

(743)

Retirement benefit obligation

(296)

(807)

Provisions for other liabilities and charges

(551)

(482)

(3,918)

(4,453)

Net assets

1,642

2,442

Equity

Called up share capital

226

224

Share premium account

657

595

Merger reserve

467

Capital redemption reserve

Other reserves

219

1,085

Shareholders' equity

1,585

2,386

Minority interests in equity

Total minority interests and shareholders' equity

1,642

2,442

The Financial Statements were approved and authorised for issue by the Board of Directors on 22 February 2007 and were signed below on its behalf by:

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