Parent company balance sheet

at 31 December 2008
	Note	2008 £ million	2007 £ million
Assets
Non-current assets:
Investment in subsidiaries	8	5,589	5,589
Loans to subsidiaries	8	3,009	2,820
Deferred tax assets	2	–	2
		8,598	8,411
Current assets:
Derivative financial instruments		1,297	169
Other assets		205	165
Amounts due from subsidiaries	3	216	92
Cash and cash equivalents		1,201	58
		2,919	484
Total assets		11,517	8,895
Equity and liabilities
Capital and reserves:
Share capital	4	1,513	1,432
Share premium account	4	2,096	1,298
Retained profits	5	2,147	1,935
Total equity		5,756	4,665
Non-current liabilities:
Subordinated liabilities	6	2,875	2,345
Debt securities in issue	7	–	50
		2,875	2,395
Debt securities in issue	7	2,644	1,694
Current tax liabilities		116	28
Derivative financial instruments		–	29
Other liabilities		126	84
		2,886	1,835
Total liabilities		5,761	4,230
Total equity and liabilities		11,517	8,895

The accompanying notes are an integral part of the parent company financial statements.

The directors approved the parent company financial statements on 26 February 2009.

Sir Victor Blank
Chairman

J Eric Daniels
Group Chief Executive

Tim J W Tookey
Group Finance Director

Toolbox:

ANNUAL REPORT AND ACCOUNTS 2008