Balance sheet of the parent company

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31 December 2011 Note 2011 £m 2010 £m
Fixed assets      
Investments:      
Shares in subsidiary undertakings 5 10,902 9,410
Loans to subsidiary undertakings 5 1,200 849
    12,102 10,259
Current assets      
Debtors:      
Amounts owed by subsidiary undertakings   6,122 4,244
Deferred tax 6 364 345
Other debtors   11 6
Derivative assets 8 3 112
Cash at bank and in hand   152 162
    6,652 4,869
Less liabilities: amounts falling due within one year      
Commercial paper 7 (2,706) (2,311)
Other borrowings 7 (200) (200)
Derivative liabilities 8 (207) (146)
Amounts owed to subsidiary undertakings   (1,049) (1,084)
Tax payable   (198) (169)
Sundry creditors   (19) (19)
Accruals and deferred income   (46) (59)
    (4,425) (3,988)
Net current assets   2,227 881
Total assets less current liabilities   14,329 11,140
Less liabilities: amounts falling due after more than one year      
Subordinated liabilities 7 (2,652) (2,718)
Debenture loans 7 (549) (549)
Other borrowings 7 (250) (249)
Amounts owed to subsidiary undertakings   (3,560) (3,398)
    (7,011) (6,914)
Total net assets (excluding pension)   7,318 4,226
Pension asset (net of related deferred tax) 9 39 41
Total net assets (including pension)   7,357 4,267
Capital and reserves      
Share capital 10 127 127
Share premium 10 1,873 1,856
Profit and loss account 11 5,357 2,284
Shareholders’ funds 11 7,357 4,267

The financial statements of the parent company were approved by the Board of directors on 12 March 2012 and signed on its behalf.

Signature - Harvey McGrath

Harvey McGrath
Chairman

Signature - Tidjane Thiam

Tidjane Thiam
Group Chief Executive

Signature - Nic Nicandrou

Nic Nicandrou
Chief Financial Officer

 
 

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