Consolidated Balance Sheet

at 31st March

	Notes	2006 € m	2005 € m
ASSETS
Non-current assets
Property, plant and equipment	6	742	681
Intangible assets	7	67	52
Investments in associated undertakings	8	3347	3218
Deferred income tax assets	9	261	227
Financial assets held at fair value through profit or loss	10	25	36
Other non-current assets	11	164	153
		4606	4367
Current assets
Inventories	12	1623	1522
Trade and other receivables	13	602	520
Derivative financial instruments	14	7	15
Prepayments and accrued income		127	116
Cash at bank and in hand	15	1628	1409
		3987	3582
Total Assets		8593	7949
EQUITY AND LIABILITIES
EQUITY
Share capital	16	334	334
Participation reserve	16	645	645
Treasury units	16	(408)	(560)
Hedge and unit option reserves	16	72	59
Cumulative translation adjustment reserve		38	24
Retained earnings		6092	5773
Total Unitholder's equity		6773	6275
Minority interest		8	6
Total equity		6781	6281
LIABILITIES
Non-current liabilities
Borrowings	17	158	155
Deferred income tax liabilities	9	33	34
Retirement benefit obligations	18	101	97
Provisions	19	51	34
		343	320
Current liabilities
Trade and other payables	20	404	352
Current income tax liabilities		202	120
Borrowings	17	50	4
Derivative financial instruments	14	11	3
Provisions	19	85	63
Accruals and deferred income		181	173
Short-term loans		324	407
Bank overdrafts	15	212	226
		1469	1348
Total liabilities		1812	1668
Total equity and liabilities		8593	7949