39. Summarised balance sheet (US GAAP basis)

Click icon for this table in Excel format	1998 £m	1997 £m	1996 £m
Assets
Fixed tangible assets	859	858	800
Current assets	1,565	1,809	1,506
Other assets	42	58	40
Software development costs	6	8	10
Goodwill and other intangibles	250	174	206
Total assets	2,722	2,907	2,562
Liabilities and shareholders’ equity
Current liabilities	2,102	1,017	884
Long-term liabilities	75	86	84
Deferred taxes	24	32	32
Minority interest	17	18	1
Shareholders’ equity before deductions	562	1,889	1,684
Treasury stock	–	(82)	(82)
Shares held by employee share ownership trusts	(58)	(53)	(41)
Total shareholders’ equity	504	1,754	1,561
Total liabilities and shareholders’ equity	2,722	2,907	2,562
Goodwill and other intangibles are net of accumulated amortisation of £337 million (1997 – £322 million, 1996 – £270 million). Software development costs are net of accumulated amortisation of £13 million (1997 – £11 million, 1996 – £9 million).