GPG Report & Accounts 2003 - Guinness Peat Group plc

14 • GUINNESS PEAT GROUP PLC • ANNUAL REPORTCompany Balance Sheet31 December 2003 2002FIXED ASSETS Notes £000 £000Tangible assets 15 5 12Investments 16 202,823 193,236TOTAL FIXED ASSETS 202,828 193,248CURRENT ASSETSLoans to subsidiary undertakings 86,586 104,033Other debtors 18 1,459 9,543Debtors 88,045 113,576Cash at bank and in hand 32 8TOTAL CURRENT ASSETS 88,077 113,584CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEARTrade and other creditors 20 (7,072) (8,725)Loans from subsidiary undertakings (unsecured) (18,886) (18,664)TOTAL CURRENT LIABILITIES (25,958) (27,389)Net current assets 62,119 86,195TOTAL ASSETS LESS CURRENT LIABILITIES 264,947 279,443PROVISIONS FOR LIABILITIES AND CHARGES 24 (1,087) (966)NET ASSETS 263,860 278,477CAPITAL AND RESERVESShare capital 26 34,461 31,094Share premium account 27 3,389 1,344Capital redemption reserve 27 521 –Other reserve 27 154,596 157,761Profit and loss account 27 70,893 88,278EQUITY SHAREHOLDERS’ FUNDS 263,860 278,477Blake Nixon, DirectorApproved by the Board on 15 March 2004Notes on pages 17 to 54 form part of these financial statements