Savills plc - Investor relations

BALANCE SHEETSat 31 December 2003GroupCompany31 December 31 December 31 December 31 December2003 2002 2003 2002Notes £'000 £'000 £'000 £'000Fixed assetsIntangible assets 12 36,021 30,115 - -Tangible assets 13 26,762 21,740 1,587 1,229InvestmentsInvestments in joint venturesShare of gross assets 901 845 - -Share of gross liabilities (361) (303) - -14 540 542 - -Investments in associated undertakings 14 280 4,247 - 6,718Other investments 14 2,833 3,302 73,244 64,488Total investments 3,653 8,091 73,244 71,206Total fixed assets 66,436 59,946 74,831 72,435Current assetsProperty held for sale 8,081 24,656 - -Work in progress 2,801 2,736 - -Debtors 15 82,074 71,632 5,840 5,142Cash at bank & short-term deposits 71,871 53,435 35,010 25,164164,827 152,459 40,850 30,306Creditors - amounts falling due within one year 16 (103,753) (95,811) (47,645) (32,959)Net current assets/(liabilities) 61,074 56,648 (6,795) (2,653)Total assets less current liabilities 127,510 116,594 68,036 69,782Creditors - amounts falling due after more than one year 17 (19,521) (21,877) (2,500) -Provisions for liabilities & charges 19 (10,306) (5,578) (32) -Net assets 97,683 89,139 65,504 69,782Capital & reservesCalled up equity share capital 20 3,070 3,159 3,070 3,159Share premium account 21 42,237 41,512 42,237 41,512Merger reserve 21 - - 3,009 3,009Profit & loss account 21 51,707 43,834 17,081 22,102Capital redemption reserve 21 107 - 107 -Equity shareholders' funds 97,121 88,505 65,504 69,782Equity minority interests 562 634 - -97,683 89,139 65,504 69,782Approved by the Board of Directors on 2 March 2004 and signed on its behalf byR. W. JEWSONA. J. ADAMSThe Notes on pages 47 to 70 form part of the Accounts.44