National Grid 2004 Annual Report Download - page 20

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Group Company
2004 2003 2004 2003
Notes £m £m £m £m
Fixed assets
Tangible assets 10 7,876 7,783 7,880 7,785
Investments 11 –– 16 16
7,876 7,783 7,896 7,801
Current assets
Stocks 12 32 31 32 31
Debtors (amounts falling due within one year) 13 294 305 292 298
Debtors (amounts falling due after more than one year) 13, 17 2,544 2,241 2,544 2,241
Current asset investments 17 75 7264 206
2,945 2,584 3,132 2,776
Creditors (amounts falling due within one year)
Borrowings 16, 17 (1,305) (1,089) (861) (580)
Other creditors 14 (1,360) (1,120) (1,801) (1,633)
(2,665) (2,209) (2,662) (2,213)
Net current assets 280 375 470 563
Total assets less current liabilities 8,156 8,158 8,366 8,364
Creditors (amounts falling due after more than one year)
Borrowings 16, 17 (3,636) (4,082) (2,768) (2,838)
Other creditors 15 (1,027) (977) (2,111) (2,424)
(4,663) (5,059) (4,879) (5,262)
Provisions for liabilities and charges 18 (1,356) (1,450) (1,356) (1,450)
Net assets employed 2,137 1,649 2,131 1,652
Capital and reserves
Called up share capital 19 45 45 45 45
Share premium account 20 204 204 204 204
Capital redemption reserve 20 1,332 1,332 1,332 1,332
Profit and loss account 20 556 68 550 71
Equity shareholders’ funds 21 2,137 1,649 2,131 1,652
Commitments and contingencies are shown in note 24, page 33.
The accounts on pages 15 to 33 inclusive were approved by the Board on 26 May 2004 and were signed on its behalf by:
Steve Holliday Chief Executive
Colin Buck Finance Director
18 Transco plc_Annual Report and Accounts 2003/04
Balance Sheets at 31 March