| 2017 | 2016 | |||||||||||||||||||
| Notes | Carrying value £m |
Fair value £m |
Carrying value £m |
Fair value £m |
||||||||||||||||
|
Available-for-sale investments: |
||||||||||||||||||||
|
Liquid investments (Government bonds) |
a | 78 | 78 | 89 | 89 | |||||||||||||||
|
Other investments |
a | 918 | 918 | 985 | 985 | |||||||||||||||
|
Loans and receivables: |
||||||||||||||||||||
|
Cash and cash equivalents |
3,833 | 3,833 | 4,897 | 4,897 | ||||||||||||||||
|
Trade and other receivables and Other non-current assets in scope of IAS 39 |
b | 5,495 | 5,495 | 5,499 | 5,499 | |||||||||||||||
|
Financial assets at fair value through profit or loss: |
||||||||||||||||||||
|
Trade and other receivables and Other non-current assets in scope of IAS 39 |
a,b | 506 | 506 | 361 | 361 | |||||||||||||||
|
Derivatives designated as at fair value through profit or loss |
a,d,e | 5 | 5 | 23 | 23 | |||||||||||||||
|
Derivatives classified as held for trading under IAS 39 |
a,d,e | 71 | 71 | 133 | 133 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Total financial assets |
10,906 | 10,906 | 11,987 | 11,987 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Financial liabilities measured at amortised cost: |
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|
Borrowings excluding obligations under finance leases: |
||||||||||||||||||||
|
– bonds in a designated hedging relationship |
d | (4,315 | ) | (4,405 | ) | (3,189 | ) | (3,335 | ) | |||||||||||
|
– other bonds |
(11,894 | ) | (14,743 | ) | (14,111 | ) | (16,996 | ) | ||||||||||||
|
– bank loans and overdrafts |
(236 | ) | (236 | ) | (332 | ) | (332 | ) | ||||||||||||
|
– commercial paper |
(529 | ) | (529 | ) | (1,094 | ) | (1,094 | ) | ||||||||||||
|
– other borrowings |
(49 | ) | (49 | ) | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Total borrowings excluding obligations under finance leases |
f | (17,023 | ) | (19,962 | ) | (18,726 | ) | (21,757 | ) | |||||||||||
|
Obligations under finance leases |
(66 | ) | (66 | ) | (64 | ) | (64 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Total borrowings |
(17,089 | ) | (20,028 | ) | (18,790 | ) | (21,821 | ) | ||||||||||||
|
Trade and other payables, Other provisions and certain |
||||||||||||||||||||
|
Other non-current liabilities in scope of IAS 39 |
c | (20,325 | ) | (20,325 | ) | (18,713 | ) | (18,713 | ) | |||||||||||
|
Financial liabilities at fair value through profit or loss: |
||||||||||||||||||||
|
Contingent consideration liabilities |
a,c | (6,172 | ) | (6,172 | ) | (5,896 | ) | (5,896 | ) | |||||||||||
|
Derivatives designated as at fair value through profit or loss |
a,d,e | (26 | ) | (26 | ) | (92 | ) | (92 | ) | |||||||||||
|
Derivatives classified as held for trading under IAS 39 |
a,d,e | (48 | ) | (48 | ) | (102 | ) | (102 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Total financial liabilities |
(43,660 | ) | (46,599 | ) | (43,593 | ) | (46,624 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Net financial assets and financial liabilities |
(32,754 | ) | (35,693 | ) | (31,606 | ) | (34,637 | ) | ||||||||||||
|
|
|
|
|
|
|
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