Balance sheet of the parent company

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31 December 2010 Note 2010 £m 2009 £m
Fixed assets      
Investments:      
Shares in subsidiary undertakings 5 9,410 10,071
Loans to subsidiary undertakings 5 849 899
    10,259 10,970
Current assets      
Debtors:      
Amounts owed by subsidiary undertakings   4,244 2,760
Deferred tax   345 180
Other debtors   6 7
Derivative assets 8 112 151
Cash at bank and in hand   162 360
    4,869 3,458
Less liabilities: amounts falling due within one year      
Commercial paper 7 (2,311) (2,031)
Other borrowings 7 (200) (207)
Derivative liabilities 8 (146) (136)
Amounts owed to subsidiary undertakings   (1,084) (1,279)
Tax payable   (169) (379)
Sundry creditors   (19) (4)
Accruals and deferred income   (59) (41)
    (3,988) (4,077)
Net current assets (liabilities)   881 (619)
Total assets less current liabilities   11,140 10,351
Less liabilities: amounts falling due after more than one year      
Subordinated liabilities 7 (2,718) (2,687)
Debenture loans 7 (549) (549)
Other borrowings 7 (249)
Amounts owed to subsidiary undertakings   (3,398) (3,326)
    (6,914) (6,562)
Total net assets (excluding pension)   4,226 3,789
Pension asset (net of related deferred tax) 9 41 37
Total net assets (including pension)   4,267 3,826
Capital and reserves      
Share capital 10 127 127
Share premium 10 1,856 1,843
Profit and loss account 11 2,284 1,856
Shareholders’ funds 11 4,267 3,826

The financial statements of the parent company were approved by the Board of directors on 8 March 2011 and signed on its behalf.

Harvey McGrath signature

Harvey McGrath

Chairman

Tidjane Thiam signature

Tidjane Thiam

Group Chief Executive

Nic Nicandrou signature

Nic Nicandrou

Chief Financial Officer

 

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