Group Balance Sheet Year ended 31 December 2009

31 December Notes 2009
£m
2008 (restated) (i), (ii), (iii)
£m
2007 (restated) (ii), (iii)
£m
  1. Restated to capitalise borrowing costs on adoption of IAS 23 (Amendment), as explained in note 2.
  2. Restated to classify the non-current portions of derivative financial instruments from current assets and liabilities to non-current assets and liabilities, as explained in note 2.
  3. Restated to reflect the change in British Gas Services Limited’s revenue recognition policy, as explained in note 2.
Non-current assets        
Goodwill 15 2,088 1,510 1,074
Other intangible assets 16 734 671 465
Property, plant and equipment (i) 18 6,059 4,689 3,910
Interests in joint ventures and associates 19 2,422 330 285
Deferred tax assets 27 534 311 27
Trade and other receivables 21 143 34 33
Derivative financial instruments (ii) 22 316 869 496
Securities 29 176 35 39
Retirement benefit assets 36 - 73 152
    12,472 8,522 6,481
Current assets        
Inventories 20 382 412 241
Current tax assets 27 69 39 40
Trade and other receivables 21 4,181 5,335 3,423
Derivative financial instruments (ii) 22 492 1,156 592
Securities 29 74 63 50
Cash and cash equivalents 24 1,294 2,939 1,130
    6,492 9,944 5,476
Assets of disposal groups classified as held for sale 38 478    
Total assets   19,442 18,466 11,957
Current liabilities        
Trade and other payables (iii) 25 (3,955) (4,395) (3,400)
Current tax liabilities   (184) (357) (274)
Bank overdrafts, loans and other borrowings 26 (86) (330) (221)
Derivative financial instruments (ii) 22 (1,744) (2,670) (694)
Provisions for other liabilities and charges 28 (193) (29) (140)
    (6,162) (7,781) (4,729)
Net current assets   330 2,163 747
Non-current liabilities        
Trade and other payables 25 (82) (67) (20)
Bank overdrafts, loans and other borrowings 26 (4,594) (3,218) (1,793)
Derivative financial instruments (ii) 22 (1,006) (1,529) (823)
Deferred tax liabilities 27 (1,179) (448) (596)
Retirement benefit obligations 36 (565) (186) (55)
Provisions for other liabilities and charges 28 (1,249) (865) (581)
    (8,675) (6,313) (3,868)
Liabilities of disposal groups classified as held for sale 38 (350)    
Net assets   4,255 4,372 3,360
31 December Notes 2009
£m
2008 (restated) (i), (ii)
£m
2007 (restated) (ii)
£m
  1. Restated to capitalise borrowing costs on adoption of IAS 23 (Amendment), as explained in note 2.
  2. Restated to reflect the change in British Gas Services Limited’s revenue recognition policy, as explained in note 2.
Equity        
Called up share capital 30 317 315 227
Share premium account   778 729 685
Retained earnings (i), (ii)   3,103 2,759 1,301
Accumulated other comprehensive (loss)/income 31 (587) (40) 546
Other equity 32 581 549 542
Total shareholders’ equity   4,192 4,312 3,301
Minority interests in equity 33 63 60 59
Total minority interests and shareholders’ equity   4,255 4,372 3,360

The Financial Statements were approved and authorised for issue by the Board of Directors on 25 February 2010 and were signed below on its behalf by:

Sam Laidlaw
Chief Executive

Nick Luff
Group Finance Director

The notes form part of these Financial Statements.