RBS 2003 Annual Report Download - page 147

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145
Annual Report and Accounts 2003
Balance sheet – the company
Balance sheet – the company
at 31 December 2003
2003 2002
Note £m £m
Fixed assets
Investments:
Shares in Group undertakings 17 32,354 19,862
Loans to Group undertakings 18 4,554 3,354
36,908 23,216
Current assets
Debtors:
Due by subsidiary undertakings 238 958
Debtors and prepayments 202 113
440 1,071
Creditors
Amounts falling due within one year:
Due to banks 71 71
Dated loan capital 30 40 40
Debt securities in issue 1,877 1,199
Other creditors 217 154
Proposed final dividend 71,059 899
3,264 2,363
Net current liabilities (2,824) (1,292)
Total assets less current liabilities 34,084 21,924
Creditors
Amounts falling due beyond one year:
Loans from subsidiary undertakings 186 155
Dated loan capital 30 3,714 2,402
Undated loan capital including convertible debt 31 1,639 1,301
5,539 3,858
Capital and reserves
Called up share capital 33 769 754
Share premium account 34 8,175 7,608
Other reserves 34 156 156
Revaluation reserve 34 16,857 6,001
Profit and loss account 34 2,588 3,547
Shareholders’ funds
– equity 25,622 14,559
– non-equity 34 2,923 3,507
34,084 21,924
The accounts were approved by the Board of directors on 18 February 2004 and signed on its behalf by:
Sir George Mathewson Fred Goodwin Fred Watt
Chairman Group Chief Executive Group Finance Director